Italian researchers ready to reach the edge of space on Virgin Galactic ship
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2023-06-29 21:54
Pentagon accounting error could give Ukraine extra $3bn in US weapons
A massive accounting error by the US Defense Department could allow an extra $3bn in American-made weapons to be delivered to Ukraine’s defence forces in the coming months. Two senior American officials told Reuters on Thursday that the Pentagon had overestimated the value of ammunition, missiles and other military materiel that has already been sent to Kyiv, leaving a $3bn deficit between what was believed to have been delivered and what was actually delivered to arm Ukrainian forces in their fight against Russian invaders. “We’ve discovered inconsistencies in how we value the equipment that we’ve given,” said one of the officials, who added that Congress will soon be officially notified of the bookkeeping screw-up. One defence official also said it’s still possible that the amount by which the US has overvalued the aid packages it has already delivered could grow beyond the current $3bn estimate. The Pentagon officials who spoke to Reuters said the overvaluation was introduced into the process for assigning values to weapons being shipped to Ukraine when the Defense Department erroneously calculated totals using the estimated cost to replace the weapons that were being provided from existing US stockpiles. Instead, the Pentagon should have assigned monetary values based on the original cost of the weapons, minus value subtracted to account for depreciation in the years between the original purchase date and when they were taken out of the US inventory to be sent to Ukraine. The updated — and presumably lower — value of the defence aid packages that have already been provided to the Ukrainian government could give the Biden administration more time before it must ask Congress to authorise additional aid for Kyiv. To date, the Ukrainian government has benefited from approximately $21bn in American defence aid, including High Mobility Artillery Rocket System (HIMARS) launchers, Javelin anti-tank weapons and two Patriot surface-to-air missile batteries. Read More Ukraine war – live: Putin launches day-long barrage on Bakhmut but Kyiv ‘repels all’ Ukraine repels Russian forces in Bakhmut after overnight strikes on Kyiv
2023-05-19 04:00
New Zealand’s Economy Falls Into Recession, Currency Drops
New Zealand’s economy contracted in the first quarter, confirming that a recession began in the final three months
2023-06-15 07:50
Hamilton hopes to sign new F1 contract in coming weeks
Seven-time Formula One champion Lewis Hamilton says talks over a new contract with Mercedes are advancing and he is hopeful it will be sorted out “in the coming weeks.”
2023-05-26 02:15
Is Carlos Santana transophobic? Musician stops concert to share bizarre 'anti-trans' rant
Musician Carlos Santana compared his views on transgender people to those of comedian Dave Chappelle
2023-08-25 09:47
Booming traffic to OpenAI's ChatGPT posts first ever monthly dip in June -Similarweb
By Krystal Hu ChatGPT, the wildly popular AI chatbot launched in November, saw monthly traffic to its website
2023-07-06 01:51
How tall is Novak Djokovic? Grand Slam champion surpasses his greatest rivals in stature
Novak Djokovic's dominance isn't confined to his Grand Slam victories; his physical stature also contributes to his competitive edge
2023-08-29 18:25
Who is Robby Hoffman? 'Bachelorette' alum Gabby Windey reveals she's dating Emmy-winning queer Jewish comedian
For Showtime, writer and comedian Robby Hoffman is creating the comedy 'Rivkah', which is based on her personal experiences
2023-08-03 09:27
Interested in a Biden/Trump alternative? You're not alone. Read this.
The alarm bells are ringing for Democrats who look at a new CNN Poll out Wednesday.
2023-09-13 02:25
Russia bids to show return to order after Wagner mutiny
Moscow was striving Monday to portray a return to business as usual after a weekend mutiny by mercenary troops threatened Kremlin chief Vladimir...
2023-06-26 16:24
'Bitcoin Bonnie and Clyde' plead guilty to money laundering
A husband and wife, whose eccentricities and alleged crimes earned them the nickname "Bitcoin Bonnie and Clyde," pleaded guilty to orchestrating a $4.5 billion money-laundering scheme linked to the 2016 hack of crypto exchange Bitfinex.
2023-08-04 02:25
Putin trip to meet Xi in China confirmed for next month
Vladimir Putin has accepted an invite from Xi Jinping to visit China for a Belt and Road Summit being held in October in his first known trip abroad since an arrest warrant was slapped against him for the deportation of children from Ukraine. The Russian president recently met North Korean dictator Kim Jong-un and is looking to cement ties with a handful of allies after being isolated on the world stage due to his invasion of Ukraine. Russia and China are “integrating our ideas of creating a large Eurasian space”, Mr Putin said, adding that the Chinese-led Belt and Road initiative is a part of that. He announced his intention to visit Beijing after a meeting with Chinese foreign minister Wang Yi, who is in Moscow this week for a strategic diplomatic visit. Mr Putin told the top Chinese diplomat that the Belt and Road strategy “fully meets and coincides” with Russia’s interests, according to a statement by the Kremlin. He will be attending the summit in Chinese capital Beijing. “We believe in merging our vision of creating a Greater Eurasian space with the idea of our Chinese friends as part of the Belt and Road Initiative, and we have been quite good at synchronising our efforts,” he said. After invading Ukraine in February last year, Mr Putin has increasingly relied on seeking support from his allies in Asia, prominently China and North Korea. Russia has also amped up trade with China by selling it more energy and showing diplomatic bonhomie by carrying out joint military exercises. The talks in Beijing will be thorough, said Nikolai Patrushev, a close aide to the Russian president and the secretary of Russia’s Security Council. He said Russia and China should deepen cooperation in the face of the West’s attempt to contain them both. Both countries also have strained relations with the US, with Mr Xi briefly becoming the only foreign leader to have paid Mr Putin a visit in Moscow until recently, when Mr Kim revelled in his own six-day sojourn to Russia’s far east. A flagship initiative of Beijing, the Belt and Road project has been a key prospect for China to expand its influence in developing countries through infrastructure projects. On the continuing war in Ukraine, China has shown a neutral stand and has gone to the extent of criticising Western sanctions against Moscow and the arming of Kyiv by several Western nations. It also accused Nato and the US of provoking Russia’s military action and declared last year that it had a “no-limits” friendship with Russia. Earlier this year, CIA director William Burns said Russia was becoming more and more dependent on China and was even at risk of becoming its “economic colony” in time. Read More Why Vladimir Putin needs Xi Jinping now more than ever Why Vladimir Putin and Kim Jong-un are desperate for each other’s help Ukraine kills 130 Russian soldiers in single day in southern push Chinese foreign minister visits Russia for ‘security’ talks day after Kim Jong-un leaves country
2023-09-21 19:20
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