Author: Press Room

Western sanctions have impacted Russia’s production of Su-57 fighter jets, according to a research group.Frontelligence Insight told The Telegraph that Russia can’t acquire some key components.Russia has largely kept its Su-57s out of the war in Ukraine, fearing losses and reputational damage.Western sanctions are threatening Russia’s production of its prized Su-57 fighter jet, according to a research group.Frontelligence Insight, an open-source research group with suspected ties to the Ukrainian military, told The Telegraph that Russia could no longer legally acquire key components of its fifth-generation fighter jet because of Western sanctions.Citing unspecified documents, it said the impacted components include the…

As the close race between Donald Trump and Kamala Harris looms over the United Nations General Assembly’s annual high-level meeting this week, some foreign diplomats and world leaders are taking the opportunity to get some face time in. Meanwhile, both candidates are looking to burnish their international chops during an election year that’s been rife with global conflict. The former president is flexing his connections with foreign leaders to remind voters of his credentials on the world stage — a particular point of pride for Trump, who often brags about his close ties to controversial world leaders, and one that…

“Normalcy.” “A better direction.” “Secured borders.” “Help with inflation.” “Less division.”Those were among the top answers from NBC News poll respondents last month when they spoke about what kind of change they were looking for from the major presidential candidates ahead of November’s election.That word, “change,” has become a crucial storyline in a presidential contest featuring a disgruntled electorate and two candidates who can make credible claims for that mantle — while also facing credible attacks about being part of the past.Kamala Harris is the sitting vice president. Donald Trump is a former president. And two-thirds of voters believe the nation is headed in…

Large pieces of a ceiling skylight fell to the floor at the Melbourne Orlando International Airport during high winds as Hurricane Milton made its way across Central Florida.Video captured by airport personnel showed the moment the ceiling pieces crashed down.No one was injured in the incident, which happened around 2 a.m. Thursday.The damage left a hole in the roof about 30 feet by 40 feet, according the Greg Donovan, executive director at the airport.The damaged pieces fell into the center of the terminal, which was closed to the public at the time.Airport personnel had noticed that the section of the…

EU economic cooperation with Moscow continues despite the sanctions, Foreign Minister Peter Szijjarto has said A significant number of companies in the EU continue to discreetly do business with Russia despite the bloc’s sanctions, Hungarian Foreign Minister Peter Szijjarto has said.“Here I would like to disappoint the idealists, as the situation is that everyone in Europe is doing this,” Szijjarto said in Budapest on Friday. “The difference between us and the others in general is that we speak honestly and openly about this issue. All of Europe does business with the Russians, but some deny this; we don’t need that.”Szijjarto…

The Asian nation is oversupplying the global market in order to eliminate competition, the under secretary of state claims China is oversupplying lithium to the global market and undermining prices in order to secure a dominant supply position for the critical metal, a senior US official has claimed, according to Reuters.Jose Fernandez, the under secretary for economic growth, energy and the environment at the US Department of State, made the claims late Monday during a visit to Portugal – Europe’s biggest lithium producer.Fernandez told a briefing that China was producing much more lithium “than the world needs today, by far.”“That…

European bourses are mostly lower and US futures trade tentatively ahead of US CPI.DXY is flat, JPY outperforms following hawkish BoJ Himino commentary.USTs are modestly lower potentially pressured by FOMC Minutes/30yr concession; Gilts lag after IFS analysis.Crude is firmer, XAU gains and holds comfortably above USD 2600/oz and base metals are mostly in the green.Looking ahead, US CPI, Initial Jobless Claims, US Federal Budget, NZ Manufacturing PMI, Chinese M2 Money Supply, ECB Minutes, Tesla Robotaxi Event, AMD AI Event, Speakers including Fed’s Cook, Barkin & Williams, Supply from US, Earnings from Delta.More Newsquawk in 3 steps:1. Subscribe to the free premarket…

Screenshot, President Trump Shot, July 14, 2024, From X, https://x.com/i/status/1812301964295729294. Enough is enough.Courageous West Virginia Republican lawmakers proposed legislation this week that prevents the state from recognizing the winner in a US election if the election is enabled by illegal or fraudulent acts. The lawmakers added that the state will not recognize any election of the Democrat candidate for President in the 2024 election cycle if the Republican candidate is assassinated, seriously injured during an assassination attempt, incarcerated, or eliminated from the ballot in any states, or is subject to legal actions that preclude the candidate from campaigning. Absolutely amazing!…

BAKU, AZERBAIJAN – Azerbaijani military warplanes – Su-25 perform during the Victory Parade held to … [+] celebrate Azerbaijani army’s victory in Nagorno-Karabakh at Azadliq Square (Freedom Square) in Baku, Azerbaijan on December 10, 2020. (Photo by Mustafa Murat Kaynak/Anadolu Agency via Getty Images)Anadolu Agency via Getty Images Azerbaijan recently publicly presented Russian military hardware upgraded by Israeli and Turkish military technology companies at a defense fair in Baku in September 2024. The upgrades indicate that Azerbaijan wants to keep its older equipment in service and up-to-date, even as it modernizes its armed forces with new advanced drones, also from…

American Consumers Continue to Rack Up Debt American consumers are continuing to rack up debt: Overall consumer credit increased at an annual rate of 2.1%, according to the latest tally from the Federal Reserve. Even after the Fed’s long-awaited rate cut, high interest rates on those credit cards have barely budged. That could be troubling as we head into the holiday shopping season. American consumers made a big dent in our collective debt early in the pandemic. Then, around mid-2021, we started running the tab right back up, to a record $1.14 trillion in credit card debt by the second…