by Christian Shepherd (Reuters) - China’s navy carried out drills in the South China Sea to simulate fending off an aerial attack, state media said on Friday, as the country trades barbs with the United States over responsibility for heightened tension in the disputed waterway. U.S. Secretary of State Mike Pompeo expressed concern during a visit to Beijing on Thursday over … [Read more...]
Russian Navy Put On High Alert
by Anton Zverev (Reuters) - Sources close to the Russian military said on Thursday that Russian naval forces in the Black Sea had been put on heightened alert to discourage Ukraine from trying to disrupt the soccer World Cup as the tournament got under way. However, the Defence Ministry itself dismissed the reports, saying in a statement: “The forces … [Read more...]
Tiny Japan Shipping Shares Jump On North Korea Detente Hopes
by Yoshiyuki Osada (Reuters) - Shares of small Japanese shippers jumped this week after the historic summit between U.S. President Donald Trump and North Korean leader Kim Jong Un sparked hopes of news business ties with the reclusive country. Japanese retail investors are snatching up shares of the firms that may benefit from a potential thaw between Tokyo and Pyongyang, … [Read more...]
Rolls-Royce CEO Sets Ambitious Goals
by Sarah Young (Reuters) - Rolls-Royce said it would exceed its 2020 guidance as it announced new ambitious mid-term goals, sending its shares to four-year highs and reflecting investor faith that CEO Warren East can transform Britain’s best known engineering firm. The maker of engines for civil planes, military jets and ships has been in turnaround mode since 2015. … [Read more...]
Top US Naval Analyst Warns Of A Looming Naval Disaster With China
by Captain John Konrad (gCaptain) Early this month the House Committee on Intelligence held a panel to investigate China’s global plans for military expansion. Of particular interest to gCaptain readers are the comments by Captain James Fanell, a fellow at the Geneva Centre for Security Policy, who warns that a major naval disaster looms on the … [Read more...]
