Showing posts with label Bank of India. Show all posts
Showing posts with label Bank of India. Show all posts

Tuesday, April 16, 2024

‘Playing with fire’: Ukraine’s frustration grows with US lawmakers, Europe

 ‘Playing with fire’: Ukraine’s frustration grows with US lawmakers, Europe


Ukraine is raising its standing army by 300,000, as the US stumbles and the EU lacks capacity to defend a future member.

Yuliia takes shelter inside a metro station with her daughter Varvara during a Russian missile strike, amid Russia's attacks on Ukraine, in Kyiv, Ukraine, April 11, 2024. REUTERS/Alina Smutko
Yuliia, a Ukrainian woman, takes shelter inside a metro station with her daughter Varvara during a Russian missile attack in Kyiv, Ukraine 


Athens, Greece
– Frustration with the United States for holding back critical financial and military aid from Ukraine spilled into the open at the Delphi Economic Forum in Greece last week.

“The Russians are destroying Ukrainian power plants, which is a war crime, but unfortunately they’re getting away with it because as the collective West we have not supplied Ukraine with enough missiles,” Radoslaw Sikorski, the Polish former foreign and defence minister, told Al Jazeera on the sidelines of the meeting.

On the day he spoke to Al Jazeera, Russia unleashed a barrage of some 80 missiles that completely destroyed a thermal power plant in Kyiv, which supposedly has the best air defences in the country.

Monday, April 15, 2024

SM-3 Ballistic Missile Interceptor Used for First Time in Combat, Officials Confirm

 SM-3 Ballistic Missile Interceptor Used for First Time in Combat, Officials Confirm


On Nov. 16, U.S. Missile Defense Agency and Navy sailors aboard USS John Finn (DDG 113), an Aegis Ballistic Missile Defense System-equipped destroyer, fired a Standard Missile-3 (SM-3) Block IIA guided missile that successfully intercepted and destroyed a mock Intercontinental Ballistic Missile (ICBM) during a flight test demonstration in the broad ocean area northeast of Hawaii in November 2020. MDA photo.


For the first time in combat, guided-missile destroyers fired missiles developed to intercept ballistic missiles during the U.S. response to the Iranian attack on Israel, USNI News has learned.

USS Arleigh Burke (DDG-51) and USS Carney (DDG-64), in the Eastern Mediterranean, fired four to seven Standard Missile 3s to intercept Iranian ballistic missiles headed toward Israeli targets over the weekend, two defense officials confirmed to USNI News on Monday.

Carney and Arleigh Burke have versions of the Aegis combat system that were modified to track and target ballistic missiles. The SPY-1D radar on the destroyers cues the SM-3 to attack the ballistic missile. The SM-3 transports a kill vehicle outside the atmosphere to intercept a ballistic missile near the height of its path from its launch point before it reenters the atmosphere to hit its target.

Both the destroyers were placed off the coast of Israel as part of the defensive measures against a Iranian strike in retaliation for an Israeli attack on an Iranian embassy in Syria.

It’s unclear what missiles the Iranians fired toward Israel, but, according to missile analyst Chris Carlson, the fact the Navy used SM-3s points to the likelihood the Iranians used some of its medium-range ballistic missiles with a range of up to 1,800 miles.

First deployed in early 2004 on U.S. cruisers and destroyers, the SM-3s have been part of the U.S. ballistic missile defense network across the world. In 2011, the U.S. announced it would deploy four U.S. BMD destroyers in Rota as part of the European Phased Adaptive Approach to BMD along with missile defense sites based on the Aegis technology in Poland and Romania that also use SM-3s. The EPAA was specifically created during the Obama administration to protect Europe from Iranian ballistic missiles.

Burke is currently part of the U.S. destroyer contingent in Rota, and Carney had previously been stationed there as part of the mission. Likewise, BMD destroyers and cruisers patrol near Japan and South Korea as a hedge against potential North Korean ballistic missile attacks.

While variants of the missile have been in use for more than two decades and have undergone a wide range of tests, they have never been used in a real-world situation.

“Until you use it in combat, there are always questions,” Carlson told USNI News .
 

General Motors to move Detroit HQ to new downtown building, plans to redevelop Renaissance Center

 General Motors to move Detroit HQ to new downtown building, plans to redevelop Renaissance Center


General Motors will move its Detroit headquarters to a new downtown office building next year and redevelop its iconic home along the Detroit River.


National headlines from ABC NewsCatch up on the developing stories making headlines.The Associated Press

DETROIT -- General Motors will move its Detroit headquarters to a new downtown office building next year and work to redevelop its iconic home along the Detroit River, company and city officials confirmed Monday.

The announcement was made at the site of the old Hudson’s department store, which is being developed into a tower and 12-story office building that will house GM and is being built by the Bedrock real estate firm.


Bedrock will join GM, the city, and Wayne County in coming up with ideas to remake the seven-building Renaissance Center, the company's current world headquarters and a showpiece on the city's skyline that's often shown on televised sports broadcasts.

GM CEO Mary Barra said the move to a brand new state-of-the-art office building in the heart of the city will help GM recruit talent in the future. The new site is about a mile (1.6 kilometers) north of the Renaissance Center. The move also keeps GM’s headquarters in the city for the foreseeable future, she said.

"We’re going to be in the heart of the city,” Barra said. “Our people are already excited to be in Detroit and live here. I think having this workspace that’s modern and new that really fits the way people work today, I think it’s definitely going to be an attraction.”

Bedrock Chairman Dan Gilbert said office building on the Hudson’s site on Woodward Avenue was designed and built to house a major corporation. The building and the adjacent tower will have meeting space, retail, a luxury hotel and living space, along what was America’s first paved road, he said.

The move will help Detroit continue to thrive, he said.

Mayor Mike Duggan said GM and Detroit have risen and fallen together for the past century, and he’s pleased to say that “GM and Detroit are rising together again.”

The future of Renaissance Center, home to GM through its brush with death and bankruptcy in 2009 as well as multiple years of huge profits, remains unclear. But the move next year will mark the end of an era for the automotive giant.

The main tower, the tallest building in Detroit, is 73 stories.


Through the years and especially after the pandemic, the number of GM employees at the building has dwindled, and multiple businesses located there have closed.

Barra said GM is open to ideas about the Renaissance Center complex, which the company bought nearly three decades ago. The company invested more than $1 billion there, she said. It's not selling the building at present, but that is possible.

Bedrock owns multiple office buildings throughout the city's downtown and has renovated many of them.

Barra said GM, Bedrock and governments will explore residential, commercial and mixed uses for the iconic tower complex, known locally as the RenCen.

“I am confident that together we can create a right future for that site,” Barra said Monday.

Duggan said Gilbert will know what to do with the complex in the future.

GM bought the tower complex in 1996 and later moved its headquarters there from a site north of downtown. It has housed the company ever since.

Bedrock has been buying up properties downtown for many years and has led its rebirth. Gilbert also runs loan company Rocket Mortgage.

In a 2022 interview, Barra told The Associated Press that GM will keep its main office in the RenCen complex just across the Detroit River from Canada.

But she qualified her statements, saying she couldn't predict what might happen in five, 10 or 15 years. Since then, about 5,000 white-collar workers at GM took early retirement buyouts, and may workers are still on a hybrid office-home work schedule, so GM needs less office space.

The company takes up about 1 1/2 of the RenCen’s towers, which have seen little pedestrian traffic for years. Much of GM’s work force, including product development and engineering, is north of the city at an updated 1950s technical center in suburban Warren. After GM’s 2009 bankruptcy, the company considered moving the headquarters there.

The Renaissance Center was built by Henry Ford II, who formed a coalition in the 1970s in an effort to reinvigorate Detroit’s downtown.

Bedrock announced last week that the final structural steel beam had been put in place on the Hudson's tower, which is expected to have 1.5 million square feet of retail, office, dining, hospitality and residential space.


Sunday, April 14, 2024

70 million Americans under severe weather threat from Northeast to Midwest

 70 million Americans under severe weather threat from Northeast to Midwest

From Sunday through Tuesday, hail, winds and a few tornados are possible.
Andrew Spear/Getty ImagesThe aftermath of tornados that came through the region in Indian Lake

Severe weather is projected to impact 70 million Americans from the Northeast Sunday through to Tuesday in the Midwest.

NOAA's Storm Prediction Center has issued an enhanced risk outlook for the multi-region storm system, designating it a level 3 out of 5 risk for severe weather.

In the Northeast, intense thunderstorms are likely to develop late Sunday afternoon in a corridor across the upper Ohio Valley into the Pocono Mountains in Pennsylvania and the Catskill region in Upstate New York.

Damaging wind, some hail and tornadoes are possible as the storm spreads slowly southward into Sunday evening.
ABC NewsSevere risk forecast for Sunday evening.

A line of these strong to potentially severe storms is projected to impact cities from Pittsburgh to New York Sunday night from 10:00 p.m. ET to 11:00 p.m. ET.

In the Midwest, a dynamic weather system across the Rockies and into the Great Plains from the Dakotas to Texas has the potential to form storms capable of becoming supercells and produce very large hail, damaging winds, and tornadoes on Monday.

ABC NewsSevere weather outbreak forecast for Monday and Tuesday.

Scattered severe thunderstorms are likely across the southern to central Great Plains, mainly Monday evening when large hail, damaging wind and a few tornadoes are possible.

Storms may begin as early as 5:00 p.m. CT from Central Texas to Nebraska and then continue to develop overnight across the region.

By Tuesday morning, storms are projected to impact regions from eastern Nebraska to Kansas City, Missouri, and parts of Iowa. These storms may still be strong and possibly severe.
The strongest storms are anticipated in areas from Des Moines, Iowa, to Columbia, Missouri, on Tuesday afternoon.

Scattered severe thunderstorms are likely on Tuesday into the evening from Chicago to east of Dallas.

On Wednesday morning, there may be lingering strong to severe storms in the Ohio River Valley.