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Make your home the talk of the neighborhood with this massive 12-foot illuminated pumpkin. Perfect for creating an unforgettable Halloween display that kids and adults will love.
Halloween decorations are trending this season. Create an impressive display that matches the festive spirit covered in our holiday news.
Israeli military warns Iranians it will continue to attack military sites around Tehran over 'the coming days.'
JetBlue today announced that it now supports the iPhone feature that makes it easier to share the location of AirTag-equipped baggage at airports.iOS 18.2 added a new feature to the Find My app that allows you to temporarily share the location of an AirTag-equipped item with others, including employees at participating airlines. This way, if you have put AirTags inside your bags, the airline can better help you find them in the event they are lost or delayed at the airport.Here is how JetBlue explains the process:Customers who place an Apple AirTag or Find My network accessory in their bag can now choose to securely share its location with JetBlue's Baggage Service team, helping the airline reunite customers with their belongings more quickly.To share an item's location, customers can generate a Share Item Location link in the Find My app on their iPhone, iPad, or Mac. This link can be provided to JetBlue by scanning a QR code in the baggage claim area or by working with a crewmember at the airport's Baggage Service Office. JetBlue crewmembers will use the temporary link to help locate and retrieve bags found within JetBlue stations or other contracted facilities.Other airlines that already offer the feature include American Airlines, Delta, United, Air Canada, Virgin Atlantic, Lufthansa, and more. iPhone, iPad, and Mac users running iOS 18.2, iPadOS 18.2, and macOS Sequoia 15.2 or later can generate a "Share Item Location" link in the Find My app. Anyone they share the link with can then view a web page with a location of the item on a map. The page will automatically update with the item's latest known location. Apple said it worked directly with airlines to put systems in place to "privately and securely" accept the "Share Item Location" links. Access to each link is "limited to a small number of people," and airport employees are required to "authenticate" to view the link by signing into their Apple Account or partner email address.The item's location stops being shared "as soon as a user is reunited with their item," or automatically expires after seven days.Tags: AirTag, Find My, JetBlueThis article, "iPhone Feature for Tracking Lost Bags With AirTag Expands to JetBlue" first appeared on MacRumors.comDiscuss this article in our forums
Critically-acclaimed horror book author Stephen King has taken to X with a scathing remark directed at Donald Trump, where he calls the president 'incompetent.'
A recent survey found 42% of Americans prefer to cook meals traditionally, like their elders. Unfortunately, while we all love Grandma, bless her heart, much of her advice around food was based on folklore and not testing, facts and data.
LAWRENCEVILLE, Ga., June 23, 2025 /PRNewswire/ -- Lendmark Financial Services, LLC ("Lendmark Financial Services") announced today that its indirect parent, LFS TopCo LLC (the "Issuer"), has commenced an offering of $400 million in aggregate principal amount of unsecured senior notes due...
They're very colorful.Rumor has it you could soon have a new, colorful option when picking out an iPhone. A purple or green might be on the table for the aluminum-framed iPhone 17 and iPhone 17 Plus, according to 9to5Mac. It's a one or the other situation, apparently, with Apple ...
High-energy SETI pushes astrobiology to its limits, testing the most fundamental needs of life and the most extreme limits of technology. It has lagged behind the rest of the field, but the increased respectability of SETI could spark interest in the coming years. This white paper reviews the case for SETI in X-rays, gamma rays, [...]The post NASA DARES: Possibilities for SETI at High Energy appeared first on Astrobiology.
Up-and-coming Lidl-Trek racer aiming to hit ground running in Tour de France debut
RPC URLs and chain IDs tell your dApp which node to talk to and which chain to sign for. Get them right—or risk data errors and insecure transactions.
You can get the Dell Vostro series laptop designed for home and students at the reduced price of $499.
While the Standard Model (SM) describes all known fundamental particles and many of the interactions between them, it fails to explain dark matter, dark energy and the apparent asymmetry between matter and antimatter in the universe. Over the past decades, physicists have thus introduced various frameworks and methods to study physics beyond the SM, one of which is known as the King plot.
Through the NASA Innovative Advanced Concepts (NIAC) program, NASA nurtures visionary yet credible concepts that could one day “change the possible” in aerospace, while engaging America’s innovators and entrepreneurs as partners in the journey. These concepts span various disciplines and aim to advance capabilities such as finding resources on distant planets, making space travel safer [...]
The Hypershell exoskeleton sounds like something out of science fiction but this product is real and it's here to revolutionize your everyday life.
Decentralized Artificial Intelligence (DeAI) projects are known to cause a crowd at events this year, and Proof of Talk Paris 2025 was no exception. Bittensor (TAO), an open-source, decentralized, and permissionless machine learning network that transforms machine intelligence into a tradable commodity, was the star of the conference. From a Bittensor-focused track to the protocol’s [...]The post The Subnet Economy: Bittensor’s Blueprint for Scalable AI appeared first on Techopedia.
Oh no! You dropped your keys on the ground, and it is too dark to see them. You might have to feel the ground with your hands, but a mouse could use its whiskers to find the keys.
Reviewed by Frances BriggsJun 17 2025 Researchers have achieved a breakthrough in high-temperature UV photodetectors using platinum-diamond nanowires. Image Credit: PeopleImages.com – Yuri A/Shutterstock.com A new study in Nano-Micro Letters by scientists from the University of Science and Technology of China and the Shenyang National Laboratory for Materials Science reports a major leap in photodetector technology. [...]
Despite decades of ocean exploration, humans still lack basic answers to one of the most fundamental ecological questions: where is marine life found, and why?
Drug discovery can be a long and complex process. Medicines for neurodegenerative diseases like Alzheimer's disease are among the most expensive to develop, as animal model results have not proven to be predictive of efficacy in humans. Scientists usually have to screen many biological targets before identifying a single potential new drug.
Kenworth manufactured its first cabover semi-truck in the 1930s but is known today for its long-nose conventional semis. Why did it change designs?
The vibes are good around Borderlands 4. That may sound like a pretty vague statement, but I’ve been doing this long enough to know which way things are moving.
An Atlas 5 launched a second group of satellites for Amazon’s Project Kuiper broadband constellation June 23.The post Atlas 5 launches second set of Project Kuiper satellites appeared first on SpaceNews.
Are you losing faith in humanity because of everything that is going on right now? If so, that is no surprise. Our habit of "doomscrolling" convinces us that people are inherently self-centered and uncaring.
Using the James Webb Space Telescope (JWST), astronomers from Canada and Switzerland have discovered a new galaxy, which received designation COSMOS2020-635829. The newfound object appears to undergo a ram pressure stripping of gas and therefore may be a "jellyfish" galaxy. The finding was detailed in a research paper published June 17 on the arXiv pre-print server.
The largest digital camera ever built has released its first glamour shots of the universe Winnipeg Free PressFirst images shared from the Vera C. Rubin Observatory reveal why it will change astronomy forever The Globe and MailVera C Rubin Observatory reveals 1st stunning images of the cosmos. Scientists are 'beyond excited about what's coming' SpaceWorld’s Largest Digital Camera Snaps Its First Photos of the Universe WSJFirst images of distant galaxies captured by ‘ultimate’ telescope The Guardian
The largest digital camera ever built has released its first glamour shots of the universe Toronto StarFirst celestial image unveiled from revolutionary telescope BBCThousands of asteroids and millions of galaxies shine in first images from the largest camera ever built CNNFirst images shared from the Vera C. Rubin Observatory reveal why it will change astronomy forever The Globe and MailFirst images of distant galaxies captured by ‘ultimate’ telescope The Guardian
Researchers have developed a humidity-resistant phosphorescent material using a simple and effective strategy of multi-component crosslinking in polyvinyl alcohol (PVA) films. The innovation enables ultralong phosphorescence (3.18 seconds) under high humidity (80% RH), enabling applications in anti-counterfeiting, data encryption, and wearable electronics.
6000+ exoplanets are now detected using various techniques, with estimates of billions of planets existing in our Galaxy alone. They are called super-Earths, hot Earths, mini-Neptunes, hot Neptunes, sub-Neptunes, Saturns, Jupiters, hot Jupiters, gas giants, ice giants, rocky, terran, subterran, superterran, and so on. This prompted the emergence of many recent works on taxonomy, or [...]The post (Re)-Defining Planets — the Fundamental Plane of Planets appeared first on Astrobiology.
Unraveling life’s origin involves finding environments that can form and preserve organic molecules, with hydrothermal systems offering a likely setting. Terrestrial mineral deposits in the form of silicates and carbonates may have functioned as natural reactors that facilitated early prebiotic chemical reactions. At lab scale, calcium carbonate (CaCO3) surfaces accelerate key prebiotic reactions, yet natural [...]The post Calcium Carbonate As A Potential Template for the Origin of Life appeared first on Astrobiology.
LONG POND, Pa. (AP) — Denny Hamlin earned the top seed in the inaugural version of NASCAR's In-season Challenge, a five-race, bracket-style tournament set to kick off next week in Atlanta.
Elijah Blue Allman is no longer in the hospital after an overdose earlier this month. The 48-year-old son of Cher and the late Gregg Allman was reportedly rushed to the hospital in Joshua Tree, Calif., after overdosing on June 14th. Now, sources are confirming that he is now home after spending less than a week [...]
Pentagon chief Pete Hegseth on Sunday revealed details of the unprecedented operation, which included submarines, B-2 planes, and 14 "bunker buster" bombs dropped on the underground nuclear facility of Fordow.
Now that the world of The Gilded Age has been firmly established, Season 3 of the HBO show (on Crave in Canada) is an absorbing and satisfying new season.
In a joint letter to DEP Acting Secretary Jessica Shirley, State Sen. Steven J. Santarsiero, D-10, and state Rep. Perry S. Warren Jr., D-31, said the matter is “urgent” and “time sensitive.”
(MENAFN) An upcoming NATO summit in the Netherlands will feature a significantly scaled-back agenda, with Ukraine receiving far less attention than in previous gatherings, according to sources cited ...
A fire broke out in a dumpster at the Fairview encampment in Penticton Sunday evening, just days after an eviction notice was issued.Castanet readers shared photos showing flames shooting out of a large dumpster at the site near Fairview Road and Highway 97 along the Penticton Channel. Last ...
South Carolina Gamecocks head coach and proud Philadelphia native Dawn Staley took the stage over the weekend at Fanatics Fest in New York City, where she joined a star-studded panel featuring several prominent NFL coaches and players.
Chase Briscoe scored his first Cup victory for Joe Gibbs Racing and eased some of the pressure he's felt in his first season with the team.
The Democratic Republic of Congo—currently the world’s largest cobalt producer—has extended its temporary ban on cobalt exports by three months, now effective through September 2025This follows the initial four-month suspension initiated in February, after cobalt prices plunged to a nine-year low of around $10 per pound.Even before the ban’s extension, it significantly boosted cobalt prices — up 35%, following forced shipment halts by Glencore Other regions, such as Indonesia, are positioning themselves to respond to any ongoing restrictions, which could shift market shares and supply chains This article was written by Eamonn Sheridan at www.forexlive.com.
A man who opened fire outside a Michigan church filled with worshippers on Sunday was struck by a vehicle and then fatally shot by security staff, police said.
For the second year in a row, the Nike Outdoor Nationals and USATF U20 Championships were held simultaneously at Hayward Field in Eugene.
A former Marine says he feels “betrayed” by the U.S. after seeing a video on social media of his father being pinned to the ground and repeatedly punched by a federal immigration agent in Santa Ana on Saturday.
Dame Dash began his rock music career after a split from Jay-Z and their Roc-A-Fella Records. 365 is the latest album.The post Dame Dash & Fiancée Join The Hipsters To Promote His New Album, Perform A TikTok Routine appeared first on HotNewHipHop.
A question loomed over Democratic party leaders and volunteers on Saturday as they pumped hip hop through the speakers at the Seminole Hard Rock Hotel and Casino Hollywood: can Florida Democrats find a way to win next election season? Democrats...
Kyle Cokinos is dedicating his longest day of golf to Camp Aranzazu, a Rockport-based nonprofit.
(MENAFN - GlobeNewsWire - Nasdaq) Englewood Cliffs, NJ, June 23, 2025 (GLOBE NEWSWIRE) -- WySE Products LLC, a company committed to redefining pet nutrition, is pleased to announce the launch of ...
(MENAFN - GlobeNewsWire - Nasdaq) The share repurchase programme runs as from 26 February 2025 and up to and including 30 January 2026 at the latest. In this period, Jyske Bank will acquire shares ...
(MENAFN - EIN Presswire)SeaHorse Hospitality Consulting logoThe Pride Premier Solitaire: Hotel Solitaire Partners with The Pride Premier Hotel for Rebranding in Dehradun A view of The Pride ...
Jesus Luzardo a bit shaky with control, but goes 6 2/3 for win
Thunder offseason primer: The NBA champion with the brightest future HoopsHypePacers vs. Thunder NBA Finals: So OKC is the champ. What roster changes could happen for next season? And can it improve? Yahoo SportsWhy Thunder are perfectly set up to be next NBA dynasty after winning first championship in OKC CBS SportsA Thunder dynasty is the NBA’s nightmare scenario New York PostThe Oklahoma City Thunder Just Won the NBA Title—and They’re About to Get a Whole Lot Better WSJ
US Military Reveals Video Evidence Of Encounter With Disk Shaped "UAP" Remember when the US government essentially admitted to the existence of aliens and almost no one noticed? Launched in 2023, congressional hearings on government encounters with potential otherworldly phenomenon brought a series of witness testimonies into public focus that confirmed long time "conspiracy theories" that humans are not alone in the universe. Intel and military officials presented information under oath that the government had indeed encountered what they call "UAPs" (UFOs) and others claimed that non-human biological entities had been discovered along with recovered aircraft.But, the world was still reeling from pandemic hysteria, the US was on the brink of a possible civil war between conservatives and crazed leftists, the Ukraine war was fomenting a potential world war between NATO and Russia, and America was being led by a puppet president with a brain made of broccoli. Everyone was rather distracted.The sudden admission of the existence of interplanetary intelligence made most people rightfully suspicious. Why was the government, which withheld evidence from the public for decades, so interested in releasing that information now? Was the talk of UAPs and aliens really just a distraction from Joe Biden's deteriorating mental acuity? What is the world supposed to do with this revelation? Most people have bills to pay; will the aliens help pay our bills?In a political and social vacuum the concept of life from other planets with the ability to travel vast interstellar distances to Earth is mind boggling. However, the timing is odd and the government has yet to produce any tangible pieces of evidence of recovered craft or little green men. What we have seen is video evidence, once kept under wraps, of military encounters with strange objects doing things that no human technology is supposed to be capable of.The Department of Defense has revealed new video footage of another aircraft encounter. They describe the object as a massive "disc-shaped UAP" with an abnormal heat signature weaving through the clouds and changing directions in a way that cannot be explained.Investigative journalists Jeremy Corbell and George Knapp say the video was recorded by government personnel over the Afghan-Pakistan border in November 2020. The video was released by the DoD this week.The raw thermal imagery, along with two additional enhanced clips produced by the U.S. government, show the unidentified craft abruptly changing direction - all without any visible signs of propulsion. 'This is the first time in history that military filmed footage of a disc-shaped UAP, designated as such by the military, has been captured on camera and released to the public,' Corbell told DailyMail. 'It has implications that are huge.' The object was spotted during a reconnaissance mission by a high-altitude Air Force platform.The footage is reminiscent of what many now refer to as the "Tic Tac UFO" incident in 2004. Videos released by the Pentagon show U.S. Naval aviators sent to intercept a bizarre flying object that “took off like a bullet fired from a gun.” It was dubbed the “Tic Tac” UFO due to its shape and color, which resembled the popular breath mint. However, this breath mint was 45 feet across. It was detected by the Navy dozens of times in Nov. 2004.The event was buried by the US government and was not mentioned again until 2017 in an expose by the New York Times on a previously unknown UFO program. Top Gun pilot David Fravor was sent to investigate the object. The commander of the “Black Aces” Strike Fighter Squadron 41 sped through the skies in his F-18 and could not believe what he saw. Years later, his opinion hasn’t changed. “It’s not a bird. It’s not a weather balloon. It had no wings, it had no rotors, there was no wash...The four of us will to this day tell you that we have no idea what we saw, as far as where it was from or what it was, but it had incredible performance characteristics that were well beyond brand new Super Hornets right out of the factory, which were the jets we were flying.”Fravor also noted that his aircraft radar was receiving jamming cues from the object. Theories will abound on why top secret details on UAPs are being unveiled so abruptly, but encounters with possible alien life only bring the greater human condition to the forefront. It's hard to care about beings from other worlds until the numerous problems of our own world are confronted and solved. This is why these shocking admissions are receiving limited interest from the masses today. Tyler DurdenSun, 06/22/2025 - 22:45
The president misspelled his own name in a social media post he deleted and corrected.
If you’re a fan of drama, TPC River Highlands in Cromwell, Connecticut was the place to be on Sunday as the Travelers Championship unfolded in stunning fashion. Tommy Fleetwood entered the final round with a slight lead and appeared poised to capture his first career PGA Tour win, despite an impressive 41 previous top-10 finishes. As Fleetwood and Keegan Bradley approached the 18th green, Fleetwood held a one-shot advantage.
Hamilton “transitioned peacefully” on Thursday at her Chicago home, “surrounded by her grandchildren, loved ones and caregivers,” her former manager and publicist, Rev. Dr. Calvin Carson, said in social media posts.
Goldman Sachs flagged risks to global energy supply amid concerns over a potential disruption in the Strait of Hormuz that would lead to significant spikes in oil and natural gas prices, the bank said in a note dated Sunday.The bank estimated Brent crude could briefly peak at $110 per barrel if oil flows through the critical waterway were halved for a month and remained down by 10% for the following 11 months.
The Air Jordan 1 Low TD Cleat “Shattered Backboard” mixes on-field performance with one of Jordan Brand’s most iconic stories.The post Air Jordan 1 Low TD Cleat “Shattered Backboard” Turns Up Heat appeared first on HotNewHipHop.
The Rockets, with Kevin Durant incoming, may not be that formidable a team for the Lakers to deal with next season.
Iran and Israel exchanged targeted airstrikes Sunday after President Donald Trump ordered the bombing of nuclear sites in Iran, leaving his administration and lawmakers divided over U.S. involvement.
Oil markets are entering a new phase of uncertainty after the U.S. entered the war between Iran and Israel, said industry watchers.
Should Iran follow through its threat to close the Strait of Hormuz, it could alienate its neighbors and trade partners. But the possibility of a closure of the strait is low, experts said, despite Tehran’s rhetoric around closing the strait. A closure would also provoke Iran’s markets in Asia, particularly China, which accounts for a majority of Iranian oil exports.In major move after U.S. struck Iranian nuclear sites, the country’s parliament on Sunday reportedly approved the closure of the Strait of Hormuz, risking alienating its neighbors and trade partners.The decision to close the waterway now rests with the the country’s national security council, and it’s possibility has raised the specter of higher energy prices and aggravated geopolitical tensions, with Washington calling upon Beijing to prevent the strait’s closure.But in all of this, it is Iran that stands to loose the most, which is why the possibility of a closure of the strait is low, experts said, discounting Tehran’s rhetoric.Vanda Hari, founder of energy intelligence firm Vanda Insights, told CNBC’s “Squawk Box Asia” that the possibility of closure remains “absolutely minimalistic.”If Iran blocks the strait, the country risks turning its neighboring oil producing countries into enemies and risks hostilities with them, she said.Furthermore, a closure would also provoke Iran’s market in Asia, particularly China, which accounts for a majority of Iranian oil exports.“So very, very little to be achieved, and a lot of self inflicted harm that Iran could do” Hari said.Her view is supported by Andrew Bishop, senior partner and global head of policy research at advisory firm Signum Global Advisors.Iran will not want to antagonize China, he said, adding that disrupting supplies will also “put a target” on the country’s own oil production, export infrastructure, and regime “at a time when there is little reason to doubt U.S. and Israeli resolve in being ‘trigger-happy’.”Clayton Seigle, senior fellow for Energy Security and Climate Change at the Center for Strategic and International Studies said that as China is “very dependent” on oil flows from the Gulf, not just Iran, “its national security interest really would value stabilization of the situation and a de-escalation enabling safe flows of oil and gas through the strait.”There are currently there are no indications of threats to commercial shipping passing the waterway, according to the Joint Maritime Information Center. “U.S. associated vessels have successfully transited the Strait of Hormuz without interruption, which is a positive sign for the immediate future.”Impact of potential disruptionsThe Strait of Hormuz is the only sea route from the Persian Gulf to the open ocean, and about 20% of the world’s oil transits the waterway. The U.S. Energy Information Administration has described it as the “world’s most important oil transit chokepoint.”“Iran’s operations in and around Hormuz are unlikely to be ‘all or nothing’ – but instead move along a sliding scale from total disruption to none at all,” said Signum’s Bishop.“The best strategy [for Iran] would be to rattle Hormuz oil flows just enough to hurt the U.S. via moderate upward price movement, but not enough to provoke a major U.S. response against Iran’s oil production and export capacity,” he added.On Sunday, Patrick De Haan, head of petroleum analysis at GasBuddy, said in a post on X that pump prices in the U.S. could climb to $3.35-$3.50 per gallon in the days ahead, compared to the national average of $3.139 for the week of June 16.Should Iran decide to close the strait, it would likely use small boats for a partial blockade, or for a more complete solution, mine the waterway, according to David Roche, strategist at Quantum Strategy. In a Sunday note, S&P Global Commodity Insights wrote that any Iranian closure of the strait would mean that not only Iran’s own exports will be affected, but also those of nearby Gulf nations, such as Saudi Arabia, the United Arab Emirates, Kuwait and Qatar.That would potentially remove over 17 billion barrels of oil from global markets, and affect regional refineries by causing feedstock shortages, the research firm said. The disruption to supply will impact Asia, Europe as well as North America.Besides oil, natural gas flows could also be “severely impacted,” S&P said, with Qatar’s gas exports of about 77 million metric tons per year potentially unable to reach key markets in Asia and Europe.Qatar’s LNG exports represent about 20% of global LNG supply.“Alternative supply routes for Middle Eastern oil and gas are limited, with pipeline capacity insufficient to offset potential maritime disruptions through the Persian Gulf and Red Sea,” S&P added.The Commonwealth Bank of Australia pointed out that “there is limited scope to bypass the Strait of Hormuz.” Pipelines in Saudi Arabia and the UAE have only a spare capacity of 2.6 million barrels a day between them, while the strait oversees the transport of an estimated 20 million barrels of oil and oil products per day, the bank said in a note.All these present upside risk to energy prices, with Goldman Sachs estimating that the market is pricing in a geopolitical risk premium of $12.If oil flows through the strait were to drop by 50% for one month and then were to remain down by 10% for another 11 months, Brent is forecast to “briefly jump” to a peak of around $110, Goldman said.Brent oil futures currently stand at $78.95 per barrel, while West Texas Intermediate futures were trading at $75.75.
Real Madrid coach Xabi Alonso said his defender Antonio Rudiger had complained of a racist incident at the end of Sunday's 3-1 Club World Cup win over Mexican side Pachuca.
Xiaomi has been teasing the arrival of multiple devices, such as the Redmi K80 Ultra, Redmi K Pad, Xiaomi Pad 7S Pro, and Xiaomi Mix Flip 2 in China. However, the launch date was not confirmed until today. The brand has now officially announced that these devices will go official on June 26 in China. [...]The post Xiaomi confirms June 26 event for YU7 SUV, Mix Flip 2, Redmi K80 Ultra, K Pad, and more appeared first on Gizmochina.
Breaking down the U.S. strike on Iran's nuclear facilities; A look at the history between Iran and the U.S.
Bergström, A., Stringer, C., Hajdinjak, M., Scerri, E. M. L. & Skoglund, P. Origins of modern human ancestry. Nature 590, 229–237 (2021). Article PubMed Google Scholar Fu, Q. et al. The genetic history of Ice Age Europe. Nature 534, 200–205 (2016). Article CAS PubMed PubMed Central Google Scholar Seguin-Orlando, A. et al. Genomic structure in [...]
NVIDIA is included in the list of investors for TerraPower's latest $650 million fundraise for deploying advanced nuclear reactors for data centers.Continue reading at TweakTown
Women artists are pushing back against gender stereotypes at the French heavy metal festival Hellfest, where men have long dominated the loud and rebellious genre.
Oil markets are reacting to Washington’s surprise attack against Iranian nuclear sites, further escalating the Iran-Israel conflict and raising questions over the crude supply outlook. Iran produced roughly 3.3 million barrels per day in May, according to an OPEC report citing independent estimates. Shipments for broader Middle East supply could be imperiled if Iran or its regional proxies take steps to block the key Strait of Hormuz.Oil futures rose in the first trading session since the U.S. launched direct attacks against Iran, casting a shadow over the supply outlook in the embattled oil-rich Middle Eastern region.U.S. crude oil on Monday morning rose were up 7 cents, or 0.1%, at $73.92 per barrel. Global benchmark Brent traded 8 cents higher, or 0.1%, at $77.09. Both benchmarks were well off their highs seen overnight, however. Brent had jumped more than 5% to crack $81 before easing. WTI also reached its highest levels since January before pulling back. President Donald Trump on Saturday surprised markets with the announcement that Washington had directly entered the Iran-Israel conflict, launching attacks against three Iranian nuclear sites in Fordo, Natanz and Isfahan. Investors are now looking to see how Iran will respond to the unprecedented U.S. strikes. Iran’s foreign minister said Sunday the Islamic Republic reserves “all options” to defend its sovereignty. The initial rise in oil prices could ease if Iran does not respond, according to S&P Global Platts.Strait of HormuzThe worst-case scenario for the oil market would be an attempt by Iran to close the Strait of Hormuz, according to energy analysts. Some 20 million barrels per day of crude, or 20% of global consumption, flowed through the strait in 2024, according to the Energy Information Administration.Iranian state media reported that Iran’s parliament had backed closing of the strait, citing a senior lawmaker. However, the final decision to close the strait lies with Iran’s national security council, according to the report.U.S. Secretary of State Marco Rubio has warned Iran against attempting to close the strait. It would be “economic suicide” for the Islamic Republic because their exports pass through the waterway, Rubio said.“We retain options to deal with that,” Rubio told Fox News in an interview Sunday. “It would hurt other countries’ economies a lot worse than ours. It would be, I think, a massive escalation that would merit a response, not just by us, but from others.”Iran produced 3.3 million bpd in May, according to OPEC’s monthly oil market report released in June, which cites independent analyst sources. It exported 1.84 million bpd last month, with the vast majority sold to China, according to data from Kpler.Rubio called on China to use its influence to prevent Tehran from closing the strait. About half of China’s waterborne crude oil imports comes from the Persian Gulf, per Kpler.“I encourage the Chinese government in Beijing to call them about that, because they heavily depend on the Straits of Hormuz for their oil,” Rubio said.Investors are also watching the odds of a further destabilization of the Iranian regime as a result of U.S.-Israeli hostilities, given the example of the long-spanning impact that the 2011 NATO-led ousting of Muammar Gaddafi had on Libya’s supplies.Regional tensionsTensions have likewise ramped up in neighboring Iraq, OPEC’s second-largest producer, where pro-Tehran militias have previously threatened Washington, should it target Iran’s supreme leader, Ayatollah Ali Khamenei.On Sunday, Iran’s Revolutionary Guard warned that “the US bases in the region are not their strength but rather their greatest vulnerability” without specifying particular sites, according to Google-translated comments carried by Iranian news agency Fars.Fledgling, but revived diplomatic ties between former rivals Iran and Saudi Arabia could meanwhile diffuse the possibility of disruptions in the supply of the world’s largest crude exporter.“The Kingdom of Saudi Arabia is following with deep concern the developments in the Islamic Republic of Iran, particularly the targeting of Iranian nuclear facilities by the United States of America,” the Saudi foreign ministry said on Sunday. Riyadh, a close U.S. ally in the Middle East, has limited its involvement in the Iran-Israel offensives.Back in 2019 — four years before resuming diplomatic relations with Iran — Saudi Arabia’s oil installation facilities at Abqaiq and Khurais sustained damage during attacks that were claimed by the Houthis, but for which Riyadh and the U.S. said Iran bore responsibility. Tehran denied involvement.At the resumption of Israeli-Iranian fire last week, the International Energy Agency’s chief Fatih Birol said the institution was monitoring the developments and that “markets are well supplied today but we’re ready to act if needed,” with 1.2 billion barrels of emergency stocks on standby.
Should Iran follow through its threat to close the Strait of Hormuz, it could alienate its neighbors and trade partners. But the possibility of a closure of the strait is low, experts said, despite Tehran’s rhetoric around closing the strait. A closure would also provoke Iran’s markets in Asia, particularly China, which accounts for a majority of Iranian oil exports.In major move after U.S. struck Iranian nuclear sites, the country’s parliament on Sunday reportedly approved the closure of the Strait of Hormuz, risking alienating its neighbors and trade partners.The decision to close the waterway now rests with the the country’s national security council, and it’s possibility has raised the specter of higher energy prices and aggravated geopolitical tensions, with Washington calling upon Beijing to prevent the strait’s closure.But in all of this, it is Iran that stands to loose the most, which is why the possibility of a closure of the strait is low, experts said, discounting Tehran’s rhetoric.Vanda Hari, founder of energy intelligence firm Vanda Insights, told CNBC’s “Squawk Box Asia” that the possibility of closure remains “absolutely minimalistic.”If Iran blocks the strait, the country risks turning its neighboring oil producing countries into enemies and risks hostilities with them, she said.Furthermore, a closure would also provoke Iran’s market in Asia, particularly China, which accounts for a majority of Iranian oil exports.“So very, very little to be achieved, and a lot of self inflicted harm that Iran could do” Hari said.Her view is supported by Andrew Bishop, senior partner and global head of policy research at advisory firm Signum Global Advisors.Iran will not want to antagonize China, he said, adding that disrupting supplies will also “put a target” on the country’s own oil production, export infrastructure, and regime “at a time when there is little reason to doubt U.S. and Israeli resolve in being ‘trigger-happy’.”Clayton Seigle, senior fellow for Energy Security and Climate Change at the Center for Strategic and International Studies said that as China is “very dependent” on oil flows from the Gulf, not just Iran, “its national security interest really would value stabilization of the situation and a de-escalation enabling safe flows of oil and gas through the strait.”There are currently there are no indications of threats to commercial shipping passing the waterway, according to the Joint Maritime Information Center. “U.S. associated vessels have successfully transited the Strait of Hormuz without interruption, which is a positive sign for the immediate future.”Impact of potential disruptionsThe Strait of Hormuz is the only sea route from the Persian Gulf to the open ocean, and about 20% of the world’s oil transits the waterway. The U.S. Energy Information Administration has described it as the “world’s most important oil transit chokepoint.”“Iran’s operations in and around Hormuz are unlikely to be ‘all or nothing’ – but instead move along a sliding scale from total disruption to none at all,” said Signum’s Bishop.“The best strategy [for Iran] would be to rattle Hormuz oil flows just enough to hurt the U.S. via moderate upward price movement, but not enough to provoke a major U.S. response against Iran’s oil production and export capacity,” he added.On Sunday, Patrick De Haan, head of petroleum analysis at GasBuddy, said in a post on X that pump prices in the U.S. could climb to $3.35-$3.50 per gallon in the days ahead, compared to the national average of $3.139 for the week of June 16.Should Iran decide to close the strait, it would likely use small boats for a partial blockade, or for a more complete solution, mine the waterway, according to David Roche, strategist at Quantum Strategy. In a Sunday note, S&P Global Commodity Insights wrote that any Iranian closure of the strait would mean that not only Iran’s own exports will be affected, but also those of nearby Gulf nations, such as Saudi Arabia, the United Arab Emirates, Kuwait and Qatar.That would potentially remove over 17 billion barrels of oil from global markets, and affect regional refineries by causing feedstock shortages, the research firm said. The disruption to supply will impact Asia, Europe as well as North America.Besides oil, natural gas flows could also be “severely impacted,” S&P said, with Qatar’s gas exports of about 77 million metric tons per year potentially unable to reach key markets in Asia and Europe.Qatar’s LNG exports represent about 20% of global LNG supply.“Alternative supply routes for Middle Eastern oil and gas are limited, with pipeline capacity insufficient to offset potential maritime disruptions through the Persian Gulf and Red Sea,” S&P added.The Commonwealth Bank of Australia pointed out that “there is limited scope to bypass the Strait of Hormuz.” Pipelines in Saudi Arabia and the UAE have only a spare capacity of 2.6 million barrels a day between them, while the strait oversees the transport of an estimated 20 million barrels of oil and oil products per day, the bank said in a note.All these present upside risk to energy prices, with Goldman Sachs estimating that the market is pricing in a geopolitical risk premium of $12.If oil flows through the strait were to drop by 50% for one month and then were to remain down by 10% for another 11 months, Brent is forecast to “briefly jump” to a peak of around $110, Goldman said.Brent oil futures currently stand at $78.95 per barrel, while West Texas Intermediate futures were trading at $75.75.
The legendary Bollywood epic “Sholay” will receive a fitting golden anniversary tribute when its fully restored, uncut version gets its world premiere at Italy’s Il Cinema Ritrovato Festival on June 27. The 1975 Ramesh Sippy-directed classic will unspool on the festival’s massive open-air screen in Bologna’s Piazza Maggiore, marking the first time audiences will see [...]
20-year-old, who skips step of stagiaire contract prize, will continue to move between mountain bike and road after signing with squad to end of 2027
Another juror from the Karen Read murder retrial has come forward, speaking exclusively with NBC10 Boston on Sunday.During a sit-down interview, the juror explained the process of coming to the decision that Read was not guilty of killing her Boston police officer boyfriend John O’Keefe.She says she’ll never forget the sound of the crowd outside the courthouse in Dedham last Wednesday, erupting after the verdict was read that Read had been found not guilty in O’Keefe’s death.“It was overwhelming. There was so much grief and so much joy in that moment and you really felt the weight of everything we had done that day.”The juror wanted to remain anonymous. She says at first, she didn’t even want to be seated on the jury.“I love my job. I didn’t want to not be there for a long time. Also, it’s a huge case that everyone has really made their mind up on.”But this juror didn’t, not until after deliberations started following closing arguments, she says.“Everybody in that room was very smart and very committed to telling their story and their version of the story, which more than anything led me to walk into that jury room with no opinion.”After about two months of being on the jury together, without being able to share an opinion.“I think we started making a lot more progress when I got huge poster board paper and then worked with other members of the jury to write down the definition of every charge.”“At the end of the day, this was an absolute tragedy for the O’Keefe family and I hope that they find justice.”More stories about the Karen Read caseKaren ReadJun 20Here's what we've learned from the Karen Read jurors who have spoken out so farKaren ReadJun 21Juror opens up in interview after Karen Read trialKaren ReadJun 21‘We're elated': Karen Read's brother says she's relieved after verdict, talks what's next
PHILADELPHIA (AP) — Kyle Schwarber and Edmundo Sosa homered, Jesús Luzardo tossed 6 2/3 scoreless innings and the Philadelphia Phillies regained sole possession of first place in the NL East with a 7-1 victory over the slumping New York Mets...
The world is grappling with the enormous implications after the United States inserted itself into Israel’s war against Iran. The U.S. strikes on three nuclear sites raised urgent questions about what remains of Tehran’s nuclear program and how its weakened...
BTS’ Suga Establishes Autism Treatment Center Under His Name With 5 Billion Won Donation SoompiBTS Suga helps fund Korea's largest artist-backed autism center at Severance koreabiomed.com
Redmi has added a new 6GB + 128GB variant to its A4 5G lineup in India. Priced at ₹9,999, the new model is now available on Amazon India. It joins the existing 4GB + 64GB and 4GB + 128GB options launched last November. Redmi A4 5G features The phone’s specifications remain unchanged. It features a [...]The post Redmi A4 5G Gets New 6GB RAM Model in India at ₹9,999 appeared first on Gizmochina.
Independent producer Uday Jhunjhunwala has unveiled the establishment of a fund, fiscally sponsored by Desipina Productions, for film, theater, prose and poetry projects centered on international human rights and children’s welfare during South Asian House’s programming at the Tribeca Festival. The fund was among several projects that gained momentum as South Asian House concluded its [...]
When wedding season comes in India, the phone of child rights activist Tatwashil Kamble never stops ringing with appeals to stop girls from being married off due to poverty.
Did you know you could get up to £2,000 cashback from your bank when you get a heat pump or solar and a battery? Plus, you can use this alongside our 0% finance offer on solar & battery installation. If you’re a customer of Lloyds, Halifax, Santander and Virgin Money, read on. If you’ve been [...]
In today’s fast-moving business world, just having a leadership title isn’t enough. You have to show real results....The post Measuring Success: Essential Leadership KPIs for Modern Organizations appeared first on TechAnnouncer.
[Warning: This article contains Mission: Impossible – The Final Reckoning spoilers.] “We live and die in the shadows for those we hold close — and for those we never meet.” That’s the creed of IMF Agent Ethan Hunt (Tom Cruise) and his team, who have saved the world from nuclear weapons, shadow organizations, and existential [...]The post Mission: Impossible 8 Needed That Major Character Death, Director Explains appeared first on ComicBook.com.
The US has sent its BIG bombs to Iran to strike three of Iran’s nuclear facilities — including Fordo, its top-secret site buried deep inside a mountain. Ever the bully himself, President Donald J. Trump called upon “Iran, the bully of the Mideast” to make peace.” Never mind that US ... [continued]The post The Israel-Iran Military Action Amplifies The Environmental Costs Of War appeared first on CleanTechnica.
Indiana Pacers fans arrived at Gainbridge Fieldhouse ready to celebrate their first NBA title
In April, Honor surprised the tech world by launching the Honor Power smartphone with a massive 8,000mAh battery. Now, according to a new Weibo post by tipster Digital Chat Station, the brand is working on a phone that will pack an even larger battery. This new battery has already received approval from China’s 3C certification [...]The post Honor’s 8200mAh battery phone could be in works appeared first on Gizmochina.
Amid fears of a wider war in the Middle East after US strikes on Iranian nuclear sites, a map has revealed the locations of nuclear fallout shelters
Over the weekend, ChatGPT-parent OpenAI pulled all public materials related to its $6.5 billion acquisition of Jony Ive's AI hardware startup, IO Products.What Happened: The takedown followed a trademark lawsuit filed by IYO Inc., a separate AI device company, which claims the “IO” branding infringes on its intellectual property, reported Bloomberg.A spokesperson for OpenAI confirmed the removal to the publication and said it was due to the ongoing legal matter. Ive's representative called the suit "an utterly baseless complaint," adding, "We'll fight ...Full story available on Benzinga.com
Millennials Are Sharing The Biggest Lies We’ve Been Told As A Generation, And Now I'm Depressed BuzzFeed
SHANGHAI and NANJING, China and SAN FRANCISCO, June 22, 2025 /PRNewswire/ -- IASO Biotherapeutics ("IASO Bio"), a biopharmaceutical company focused on the discovery, development, manufacturing, and commercialization of innovative cell therapies and biologics, today announced that results from an investigator-initiated...
The dead walk all the way to Spain in a new Walking Dead: Daryl Dixon teaser AV Club‘The Walking Dead: Daryl Dixon’ Sets Season 3 Premiere Date; Drops Teaser & Photos Deadline‘The Walking Dead: Daryl Dixon’ Sets Season 3 Date, Teases Spanish Sojourn The Hollywood ReporterThe Walking Dead: Daryl Dixon Season 3 Release Date Announced by AMC SuperHeroHypeNorman Reedus and Melissa McBride battle through Spain in The Walking Dead: Daryl Dixon season 3 teaser Entertainment Weekly
Strikes alone won’t end Iran’s nuclear ambitions, say experts. But Tehran’s options now are “pretty bad.”
This is a photo collection curated by AP photo editors.
Robert Thomson, a close confidante of Rupert and Lachlan Murdoch for decades, has been re-upped as CEO of News Corp. for another five years, through June 2030. The exec has overseen the media company, whose portfolio spans print, digital and book publishing, since 2013. Among the subsidiaries of News Corp. are the Wall Street Journal, [...]
Season 7 of Love Island USA went through another brutal voting process before Casa Amor, which left some of the islanders wondering if they sent the wrong people home. During the Sunday, June 22, episode of the dating show — which airs daily with the exception of Wednesdays — Ace Greene, Amaya Espinal, Austin Shepard, [...]
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US To Open Fly Production Facility For Combating Mexican New World Screwworms Authored by Naveen Athrappully via The Epoch Times (emphasis ours),Secretary of Agriculture Brooke L. Rollins launched a facility in South Texas on Wednesday that will release millions of sterile flies to fight the threat of flesh-eating parasites that are infecting cattle in Mexico and could reach the U.S. border soon, the Department of Agriculture (USDA) said in a June 18 statement.Livestock in pens at the Chihuahua Regional Livestock Union facility, outside Ciudad Juarez, Mexico, wait to be exported to the United States on Feb 10, 2025,. Jose Luis Gonzalez/ReutersThe parasite, New World screwworm (NWS), is a “devastating pest that causes serious and often deadly damage to livestock, wildlife, pets, and in rare cases, humans,” the USDA said. Some U.S. agriculture and cattle industry officials are worried that if the migration isn’t checked, the NWS flies could reach the border by the end of summer.According to the agency, NWS females lay eggs on wounds or orifices of warm-blooded animals. Once the eggs hatch into larvae, they burrow into the wound and feed off the flesh. As more maggots hatch and feed, the wound becomes deeper and larger. Eventually, it becomes so severe that the host animal dies.A single female NWS fly can lay up to 3,000 eggs over its lifespan. As such, a large infestation poses considerable risks to farmers raising cows, sheep, and other animals.In the 1950s, a strategy called sterile insect technique (SIT) was developed, which was used to eradicate NWS from the United States, Mexico, and Central America, the USDA said in an April 2025 document. SIT used gamma radiation to turn NWS pupae into sterile male flies.When the male flies are released en masse, they mate with wild female flies who end up laying unfertilized eggs, eventually leading to the eradication of these pests.“While NWS has been eradicated from the United States for decades, recent detections in Mexico as far north as Oaxaca and Veracruz, about 700 miles away from the U.S. border, led to the immediate suspension of live cattle, horse, and bison imports through U.S. ports of entry along the southern border on May 11, 2025,” said the USDA statement.The facility launched by the agriculture secretary is an $8.5 million sterile NWS fly dispersal site located at Moore Air Base in South Texas.The United States currently can procure 100 million flies per week from a sterile fly production facility in Panama. The USDA has invested $21 million in a production facility in Mexico that, when operational, will provide another 60-100 million flies weekly. Combined, at least 160 million flies per week are expected to be available for disbursal through the Moore Air Base facility.In addition, the USDA is also looking at installing a sterile fly production facility at Moore Air Base to complement the new dispersal facility.“The United States has defeated NWS before, and we will do it again,” said Rollins. “We do not take lightly the threat NWS poses to our livestock industry, our economy, and our food supply chain.“The United States government will use all resources at its disposal to push back NWS, and today’s announcement of a domestic strategy to bolster our border defenses is just the beginning. We have the proven tools, strong domestic and international partnerships, and the grit needed to win this battle.”(or screwworms)Countering NWS InfestationIn a June 18 statement, the National Cattlemen’s Beef Association (NCBA) announced “strong support” for USDA’s plan to construct an NWS sterile fly production facility at Moore Air Base.“To form an effective barrier along the U.S. southern border, we need upwards of 300 million sterile flies per week. During the height of screwworm eradication efforts in the 1960s, the United States released 400 to 500 million sterile flies per week,” it said.Moon Air Base is an ideal location for the production of sterile flies since its proximity to the border “make it easy for sterile flies to quickly be deployed to the areas of the U.S. most at risk.”In a June 19 post on social media platform X, Mexico’s agriculture secretary, Julio Berdegue, said the actions taken by the United States to strengthen the fight against NWS are a “positive step that, in several ways, will strengthen joint Mexico-U.S. efforts.”He expressed hope that Mexico can “resume the export of our cattle as soon as possible.”The economic fallout of not countering the spread of NWS infections can be massive.According to a January 2025 USDA document, a 1976 outbreak of NWS resulted in 1,488,256 cattle and 332,600 sheep and goats getting infested with these pests in Texas alone.If a similar scale outbreak were to occur in Texas at present, producers in the state could lose $732 million a year, with the Texas economy suffering a loss of $1.8 billion.The Associated Press contributed to this report. Tyler DurdenSun, 06/22/2025 - 22:10
Men's Fashion Week returns to Paris on Tuesday with heightened anticipation as Jonathan Anderson shows his first creations for Dior and Saint Laurent rejoins the official calendar.
The Air Jordan 1 Low OG Chicago returns in 2025, these new in-hand photos reveal a clean, classic take worth watching.The post The Air Jordan 1 Low OG “Chicago” Is Back And Looking Clean appeared first on HotNewHipHop.
The Asian Cinema Fund (ACF), the flagship funding arm of the Busan International Film Festival, has unveiled its 14 official selections for 2025 following a record-breaking submission period that saw applications surge 23% to 850 projects. The fund, which operates under the Asian Contents & Film Market (ACFM), provides financial and institutional support to filmmakers [...]
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Imagine if you could talk to your Salesforce database. When we first heard about large language models (LLM), that’s where our heads went. A significant amount of business data resides within any given Salesforce instance, and the user interfaces to that data can be both information-rich and overwhelming. We’re always trying to make it easy [...]
The Clash drummer Terry Chimes has opened up about his decision to quit the iconic punk band in 1983 to pursue a career as a chiropractor
The NATO summit takes place in The Hague on June 24-25. The U.S. is pushing for allies to sharply increase their defense spending to 5% of GDP. Some member states say they’re happy to do that, others are clearly not, and still don’t meet the 2014 target to spend 2% of GDP on defense.Fireworks could kick off during NATO’s annual summit this week, as the U.S. pushes its allies to sharply increase their defense spending to 5% of their gross domestic product (GDP).The 5% figure is made up of 3.5% of GDP that should be spent on “pure” defense, with an extra1.5% of GDP going to security-related infrastructure, such as cyber warfare capabilities and intelligence.While some member states say they’re happy to hit that milestone, and some countries are not too far off that mark, others don’t even meet the 2% threshold that was agreed over a decade ago. While they might pledge to increase defense spending, whether these promises materialize will be the key question.Talk is cheap and timelines can be vague — but concerted action is what the U.S. and President Donald Trump, who’s attending a NATO summit for the first time since 2019, will want to see.Christian Hartmann | AFP | Getty ImagesUS President Donald Trump arrives for the NATO summit at the Grove hotel in Watford, northeast of London on December 4, 2019.“The U.S. is looking for everybody to say, ‘Yeah, we mean it. We have a plan. 5% is real. We’re going to get there’,” Kurt Volker, former U.S. ambassador to NATO and distinguished fellow at the Center for European Policy Analysis (CEPA), said Wednesday.“But one thing to watch for is if the messaging is actually on point. Some of the messaging from some of our European allies, at least when they back brief their own media and their own parliaments is, ‘Yeah, 5% but it’s really 3.5% and 1.5%, and that can be pretty much anything’ ... So there’s going to be a whittling down [of defense spending pledges] almost immediately,” Volker noted at a CEPA briefing ahead of the NATO summit.“And if that is over emphasized, you’re going to have a clash with the U.S.,” Volker added.High stakes, low expectationsThe stakes are high as allies meet in The Hague in the Netherlands on June 24-25, given ongoing conflict in Ukraine and war in the Middle East threatening to destabilize the global economy.Defense analysts say this year’s meeting could be the most consequential in the alliance’s 77-year history, with the U.S.’ spend-pushing heavily forewarned before the summit.U.S. Defense Secretary Pete Hegseth was emphatic as he said 5% “will happen” at a separate NATO gathering earlier this month, with NATO Secretary General Mark Rutte also widely plugging that message to allies too.Petras Malukas | Afp | Getty ImagesGerman Air Force helicopters are pictured at the airfield of Pajuostis in Panevezis, Lithuania on May 6, 2025, during the Griffin Lightning 2025′′ military exercises. Defense spending has been a thorny subject for NATO members for years, and a persistent source of annoyance and anger for Trump, who was demanding that allies double their spending goals from 2% to 4% of GDP all the way back in 2018.NATO defense expenditure has nevertheless sharply picked up among NATO members since Trump was last in power.Read moreCan Trump force the hand of NATO allies to spend up to 5% of GDP on defense?UK put on a war footing with defense overhaul — but is it too little, too late?NATO’s Rutte tells Europe to ‘stop complaining’ and increase defense spendingBack then, and arguably at the height of the White House leader’s irritation with the bloc, only six member states met the 2% target, including the U.S. Times have changed, however; by 2024, 23 members had reached the 2% threshold, according to NATO data.While some greatly surpassed that target — such as Poland, Estonia, the U.S., Latvia and Greece — major economies including Canada, Spain and Italy have lagged below the contribution threshold. No NATO member has so far reached the 5% spending objective, and some are highly likely to drag their feet when it comes to getting to that milestone now.Dirk Waem | Afp | Getty ImagesPicture taken during a visit of NATO military exercise “Dacian Spring” in Romania, on Monday 12 May 2025. The U.K., Poland and Germany have already said they intend to increase defense spending to the requisite target, but their timeline is unclear. The UK is also reportedly trying to delay the spending rise among by three years, according to the i newspaper. CNBC has reached out to Downing Street for comment.Spain and Italy are seen as major holdouts against the 5% target, after only committing to reach the 2% threshold in 2025. Canada meanwhile spent 1.3% of GDP on defense in 2024, NATO estimates suggest, even less than Italy, Portugal or Montenegro.Spending 5% on defense is a target, but not a given, Jason Israel, senior fellow for the Defense Technology Initiative at CEPA, said Wednesday.“Every single country ... is trying to figure out how they’re going to thread that needle of being able to make the commitment, but also make the accounting work when every single nation has to make trade offs against what is generally unpopular, massive increases in defense spending,” he noted, stressing it’s a “long way from commitments ... to actual capability,”Europe must commitEuropean aerospace and defense companies are following NATO spending commentary and commitments closely, but say they’re stuck in limbo between pledges and action by way of concrete government procurement.The leaders of Leonardo, Embraer and Saab told CNBC last week the continent needs to act decisively and collectively to make long-term commitments to defense spending and investment contracts to enable companies like theirs to scale-up their production capacity and manufacturing capabilities.“If we go for 3.5% [of pure defense spending] across the European part of NATO, that will mean a lot, and more will be needed in terms of capacity. But we need to understand the capability targets better,” Micael Johansson, the chief executive of Swedish defense company Saab, told CNBC.“We can do more, and I think we need to come together in Europe to create more scale, also in what we do to align demand, align requirements, so we can actually be competitive player in internationally. So there’s a lot to do still,” he said.Roberto Cingolani, CEO of Italian defense firm Leonardo, agreed that “there’s a lot of work to be done.”“Leonardo has a capacity boost program at the moment because we are quite aware of the fact that we have to increase the production of specific platforms, defense systems, electronics and technology solutions. It is not only matter of money, it’s matter of priority. It’s matter of reducing the fragmentation among countries in Europe,” he told CNBC’s Charlotte Reed at the Paris Air Show.Defense companies needed to know what will be expected of them ahead of time, Cingolani said, given the complex nature of global supply chains that underpin the defense industry.“We have approximately 5000 companies in the supply chain, and we are in 160 countries in the world. So it’s very complicated,” he noted. “You have to invest in supply chain. You have to make investments. You have to protect the supply chain. But of course, we also have to face a shortage of raw materials ... There is no no simple solution. If there were a solution, we would have done it already,” he said.
Borderlands Game of the Year Enhanced, Borderlands 2, Borderlands 3, and Borderlands: The Pre-Sequel are now available to stream via GeForce NOW.Continue reading at TweakTown