Modi Seeks to Free Up $12 Billion to Quell Inflation Before Vote
Indian officials are considering a plan to reallocate as much as 1 trillion rupees ($12 billion) from the
2023-08-17 19:53
Ukraine Recap: Kyiv Says It Downs Two Russian Attack Helicopters
Ukrainian forces said they shot down Russian Ka-52 attack helicopters Thursday in the Zaporizhzhia and Bakhmut regions, respectively.
2023-08-17 19:20
China Told State Banks to Escalate Yuan Intervention
Chinese authorities told state-owned banks to step up intervention in the currency market this week, in a push
2023-08-17 19:16
Cnooc First-Half Profit Slides as Weaker Oil Prices Hit Driller
Cnooc Ltd. said its first-half profit declined as oil prices slumped over concerns about global growth, including China’s
2023-08-17 18:59
Gotthard: World's longest rail tunnel shut for months after freight crash
National Swiss rail operator SBB said a derailed freight train caused severe damage to tracks.
2023-08-17 18:26
Norway Raises Key Rate With End of Tightening Cycle Nearing
Norway’s central bank raised borrowing costs to the highest level since the 2008 financial crisis and signaled it
2023-08-17 17:26
What are hypersonic missiles and how powerful are they?
Russia is in the process of equipping its new nuclear submarines with hypersonic Zircon missiles, the head of Russia’s largest shipbuilder has said. “Multi-purpose nuclear submarines of the Yasen-M project will... be equipped with the Zircon missile system on a regular basis,” Alexei Rakhmanov, chief executive officer of the United Shipbuilding Corporation, told RIA. “Work in this direction is already underway.” Yasen-class submarines, also known as Project 885M, are nuclear-powered cruise missile submarines built to replace Soviet-era nuclear attack submarines as part of a programme to modernise the Russian navy’s fleet. Sea-based Zircon hypersonic missiles have a range of 560 miles and can travel at several times the speed of sound, making them extremely difficult to defend against them. What are hypersonic missiles? Hypersonic missiles, like the Zircons or the Kinzhal (”Dagger”) rockets the Russian Air Force has allegedly already deployed in its war in Ukraine, are thought to represent the next generation of arms. The Kinzhals can travel at exceptionally high velocities – up to ten times the speed of sound, which is around 8,000mph. By comparison, a subsonic cruise missile like the US Air Force’s Tomahawk rocket moves at a relatively sluggish 550mph. Kinzhals are typically carried by MiG-31K fighter jets and can hit targets as far away as 1,250 miles, their speed, mid-flight manoeuvrability and ability to fly at low altitudes making them difficult to track using radar on the ground and therefore near-impossible to stop. Perhaps most alarmingly, the Kinzhal can carry a nuclear warhead as well as a conventional explosive, a strategy it has been feared Russia could resort to as its war becomes ever-more desperate and drawn-out than expected due to the heroic resistance put up by the locals, well armed by their international allies. Which countries have them? Australia, the UK and US, together known as the Aukus nations, previously announced a plan to expand their military pact to collaborate on the development of hypersonic missiles and anti-hypersonic weapons. In April 2022, the then-prime ministers of Australia and Britain, Scott Morrison and Boris Johnson, joined Joe Biden in issuing a joint statement saying their countries would “commence new trilateral cooperation on hypersonics and counter-hypersonics, and electronic warfare capabilities, as well as to expand information sharing and to deepen co-operation on defence innovation”. “These initiatives will add to our existing efforts to deepen cooperation on cyber capabilities, artificial intelligence, quantum technologies, and additional undersea capabilities.” The Aukus deal was initially signed to concentrate on nuclear submarine development with a wary eye on potential Chinese aggression in the Pacific, but focus has now shifted towards the threat posed by Vladimir Putin. Russia’s defence ministry has already said its forces have fired hypersonic ballistic missiles in the conflict, claiming to have destroyed a fuel depot in the Black Sea city of Mykolaiv and an underground ammunition store in western Ivano-Frankivsk. How effective are they? Military analyst Pavel Felgenhauer has argued that the use of such weapons will make little difference on the ground and that their true value is “giving a certain psychological and propaganda effect”. In other words, inspiring terror. Mr Putin has boasted of Russia’s investment in such “invincible” weaponry, justifying doing so as a response to what he considers to be Nato military expansion on his country’s doorstep in Eastern Europe. The US and China are said to be working on their own versions, as are the navies of Britain and France, who are understood to have been collaborating on one known as Perseus since 2011, although it is not expected to enter service for another seven years or so. What’s happening in the US? Andrew Hunter, assistant secretary of the US Air Force’s acquisition team, told politicians in March this year that his team would not go ahead with purchasing the hypersonic AGM-183A Air-launched Rapid Response Weapon after the prototyping phase ended. There were problems with the weapons during testing. Mr Hunter, in written testimony, told the House Tactical Air and Land Forces Subcommittee the service planned to finish the ARRW programme’s last two all-up round test flights to collect data that might help with future hypersonic programmes. Read More Ukraine-Russia war – live: Moscow’s ‘convict’ assault squads straining Kyiv’s forces in northeast Ukraine’s intelligence service claims responsibility for Crimean Bridge drone attack Wagner mercenaries issue a chilling message on Poland’s doorstep: ‘We are here’ The Body in the Woods | An Independent TV Original Documentary The harrowing discovery at centre of The Independent’s new documentary
2023-08-17 17:21
Currency Traders Hang on Every Word as Tokyo Jawbones Yen
Traders are scrutinizing every word from Japanese currency officials with renewed intensity as nine straight days of declines
2023-08-17 16:24
ECB’s Kazaks Says Any Additional Rate Hikes Would Be Very Small
Any additional interest-rate increases by the European Central Bank won’t be big, according to Governing Council member Martins
2023-08-17 13:57
US and Iran Rely on Shadow Diplomacy Where Open Deals Would Fail
The US and Iran are engaged in broad but largely unacknowledged efforts to reach agreements on everything from
2023-08-17 13:56
US Set to Escalate Claim Mexico Corn Policy Violates Trade Deal
The US is preparing to accelerate its complaint that Mexico’s ban on genetically modified corn violates the nations’
2023-08-17 13:29
Trump claims mystery report clears him of Georgia election charges as DA seeks March trial date – live updates
Donald Trump has promised to share an “irrefutable” report on his baseless claims of election fraud in Georgia. “A Large, Complex, Detailed but Irrefutable REPORT on the Presidential Election Fraud which took place in Georgia is almost complete & will be presented by me at a major News Conference at 11.00am on Monday of next week,” Mr Trump said. The former president and 18 of his allies have been indicted on a range of criminal charges relating to Mr Trump’s attempts to alter Georgia‘s 2020 election results. He has been charged with 13 counts including racketeering, filing false documents, and attempting to coerce public officers to violate their oaths, according to court documents. It marks the fourth major indictment against Mr Trump in nearly as many months, and the second related directly to his actions during the 2020 election. Mr Trump has been issued with an arrest warrant and ordered to surrender by 25 August. Fulton County District Attorney Fani Willis has proposed arraignments for the week of 5 September and a trial date of 4 March 2024. Read More Trump claims Fox News is conspiring to stop him winning in 2024 Will the Georgia gang of 18 turn on Trump? Trumpworld hanging by a thread as co-accused pressured to flip on ex-president Fulton County DA Fani Willis proposes Trump’s Georgia trial date the day before Super Tuesday Trump judge makes barbed comment about Elon Musk as contents of Jack Smith’s Twitter warrant revealed
2023-08-17 12:50