Focue Provides the Latest and Most Up-to-Date News, What You Focus On is What You Get.
⎯ 《 Focue • Com 》

List of All Articles with Tag 'euro'

Microsoft’s Activision Deal Set to Get UK’s Blessing: The London Rush
Microsoft’s Activision Deal Set to Get UK’s Blessing: The London Rush
Game on! Microsoft Corp.’s stop-and-go deal to acquire Activision Blizzard Inc. got an early-morning boost from the UK’s
1970-01-01 08:00
What are Abrams tanks and why is the US sending them to Ukraine?
What are Abrams tanks and why is the US sending them to Ukraine?
The US has pledged to send 31 of its M1 Abram battle tanks, worth an estimated $400m, to Ukraine to help the resistance fight back against the Russian onslaught as the one-year anniversary of Vladimir Putin’s invasion approaches. Anatoly Antonov, Russia’s ambassador to the US, said the decision by Joe Biden’s administration amounted to “another blatant provocation” against Moscow, pledged that the tanks would be destroyed and warned the West it would come to regret the “delusion” that Ukraine could ever win the day. Russian state TV has since made a point of mocking the Abrams as “battered” and prone to getting stuck in a segment downplaying the threat the new additions to Kyiv’s arsenal pose. Ukraine’s president Volodymyr Zelensky has said he believes tanks are crucial to replenish his nation’s military hardware ahead of what he says will be increased Russian offences in the spring, with intense fighting already seen in eastern Ukraine for weeks. Kyiv also wants them to boost its bid to recapture territory taken by Moscow’s forces earlier in the conflict. Germany has dithered on the question of whether to answer Mr Zelensky’s appeal for tanks but has since agreed to send Leopard 2 models, with Poland, Canada, Norway and Spain now looking set to follow suit. When it comes to the M1s, experts have warned of the complex logistics involved in getting these high-tech vehicles to the battlefield. The extensive and tricky maintenance required for their use mean that it could be some time before they appear on the frontlines in Eastern Europe. The first M1 tank was manufactured by American armoured vehicle manufacturer General Dynamics Land Systems in 1978 and was first delivered to the US Army in 1980. Each model costs around $10m to make, according to Reuters. It has to be crewed by a team of four (driver, commander, loader and gunner), has a maximum speed of 42 miles per hour, has a maximum range of 624 miles and runs on a 1,500 horsepower gas turbine engine. The M1 is armed with an M256 120mm smoothbore cannon, as well as two machine guns: a 12.7mm and a 7.62mm M240. Defence industry expert Sydney Freedberg described them as “big vehicles, heavily armoured” to Al Jazeera, adding that they are “much better protected than anything the Soviets built, or anything the Russians currently have.” He also cautioned that they have been used far less often in Europe than the Leopard and could end up posing the Ukrainians problems, given that they require additional training and will need spare parts, warehousing and a high degree of care. “It guzzles fuel and the engine is difficult to repair and maintain,” Jack Watling, a senior research fellow for land warfare at the Royal United Services Institute, has also warned. More positive about their potential impact – while still favouring the Leopards over all – was retired US army general Mark Hertling, who commanded the 1st Armored Division in Iraq during the troop surge of 2007 to 2008, and who said in a Twitter thread: “The M1-series, in my view, is the best in the world.” He too stressed that training was “critical”, adding: “Having fired T-72s, Chieftains, Challengers, Leo IIs & Abrams, the M1 requires the most turret training.” Read More Ukraine-Russia news – live: Putin ‘shifting war to focus on Nato and West’ Russian shells kill 10 in Ukraine as Putin’s forces seek gains before Western tanks arrive Who is sending tanks to Ukraine?
1970-01-01 08:00
Zelensky makes passionate plea to US lawmakers on key Washington visit
Zelensky makes passionate plea to US lawmakers on key Washington visit
Volodymyr Zelensky made a passionate plea to American lawmakers at Capitol Hill as his second trip to Washington – since the Ukraine invasion – came to an end. The Ukrainian president got a $325m aid package from the Biden administration as he wrapped up his second visit, said to be more muted compared to the hype that surrounded his earlier one. However, senate majority leader Chuck Schumer on Thursday summed up an impassioned plea made by the wartime president to American lawmakers even as Republicans debate flow of financial aid to Ukraine for more than 20 months now. “There was a single sentence that summed it all up, and I’m quoting him verbatim. Mr Zelensky said: ‘If we don’t get the aid we will lose the war’,” Mr Schumer told reporters. The president also held private talks with both Republican and Democratic leaders to relay Kyiv’s message for further aid and help push Russia from its territory as the war appears to enter another looming winter. President Joe Biden said he is “counting on the good judgment of the United States Congress” in the absence of an alternative to aid Ukraine against the biggest military warfare ever since the Second World War. US lawmakers quoted Mr Zelensky as saying that the Ukrainians have a solid war plan and “they are winning”. Independent senators, however, noted Mr Zelensky “conceded that it’s tough, very tough to overcome entrenched defences”. “They believe they will make slow but steady progress, but it’s not going to be quick,” said independent senator Angus King. After wrapping up his second day in the US, Mr Zelensky called it an important trip to Washington DC. “There is a new defence package: air defence, artillery, shells, engineering equipment. There is also a long-term agreement – we will work together for Ukraine to produce the necessary weapons together with the United States,” he said. “My day began on Capitol Hill with candid and extensive discussions. Both chambers and parties. I sensed trust, which fosters unity. “Members of Congress asked direct questions and received candid responses. Transparency is our top priority in our relations with the US. I also had important defence talks at the Pentagon,” he said. The Ukrainian president received a red-carpet welcome on the White House South lawn and attended more ceremonies than offered to other world leaders on visits to the administration. In a setback, the Biden administration’s request to Congress for an additional $24bn for Ukraine’s military and humanitarian needs is hanging in the balance. Resistance to the latest request could lead to delays or reductions. The latest package, secretary of state Antony Blinken said, would include additional air defence, artillery ammunition, cluster munitions and other arms. House speaker Kevin McCarthy said he declined Mr Zelensky’s request for a joint session of Congress, as had happened during the Ukrainian president’s visit to Washington last winter, saying there wasn’t time for it on short notice. But the Republican leader praised answers the Ukrainian delegation offered to lawmakers. “It was direct, I thought it was honest, they were answering the questions,” Mr McCarthy said. “I heard a lot of positive things.” Lawmakers who attended the private meeting described questioning Mr Zelensky on the way forward for Ukraine’s counteroffensive, as the fight to roll back invading Russian forces moves closer to the two-year mark without major breakthroughs. With Mr Zelensky’s visit, White House national security adviser Jake Sullivan said the Biden administration is looking to underline the message that the US and the world “send the unmistakable message that in the 21st century, a dictator cannot be allowed to conquer or carve up his neighbour’s territory”. “If we allow that here. it will happen elsewhere in ways that will undermine fundamental security, not to mention the values that the American people hold so dear,” Mr Sullivan said. Mr Zelensky departed for Canada after wrapping up his meetings in Washington on Thursday and was greeted by Canadian prime minister Justin Trudeau on arrival. He is expected to address the Canadian parliament on Friday. Read More Why has Poland stopped supplying weapons to Ukraine? Ukraine-Russia war - live: Biden’s $325m package for Zelensky as Pentagon says Abram tanks ‘on schedule’ Zelenskyy to speak before Canadian Parliament in his campaign to shore up support for Ukraine Watch as Zelensky meets with Biden for talks at White House President Zelensky and Ukraine’s First Lady arrive at White House
1970-01-01 08:00
UK Retail Sales Rebound as Shoppers Returning From Wet July
UK Retail Sales Rebound as Shoppers Returning From Wet July
UK retail sales rebounded in August as the return of more settled weather brought consumers back into the
1970-01-01 08:00
Hedge Fund Manager Jampel Stops Shorting Fossil Fuel Stocks
Hedge Fund Manager Jampel Stops Shorting Fossil Fuel Stocks
A hedge fund manager who made a name for himself shorting fossil fuel stocks says the strategy is
1970-01-01 08:00
Russia’s Diesel Ban Lifts Asian Prices With Traders on Alert
Russia’s Diesel Ban Lifts Asian Prices With Traders on Alert
Asian diesel prices climbed after Russia’s surprise export ban, even as a host of market watchers said the
1970-01-01 08:00
Franc’s Fading Rally Fuels Carry Trade Talk With Rates on Pause
Franc’s Fading Rally Fuels Carry Trade Talk With Rates on Pause
The Swiss National Bank’s decision to halt monetary tightening has capped the franc’s rally and rekindled talk about
1970-01-01 08:00
Keensight Capital Raises $3 Billion for Growth Buyouts
Keensight Capital Raises $3 Billion for Growth Buyouts
European private equity firm Keensight Capital said it has raised €2.8 billion ($3 billion) to invest in technology
1970-01-01 08:00
Ukraine-Russia war - live: Biden’s $325m package for Zelensky as Pentagon says Abram tanks ‘on schedule’
Ukraine-Russia war - live: Biden’s $325m package for Zelensky as Pentagon says Abram tanks ‘on schedule’
Joe Biden has announced a new $325m military aid package for Ukraine that will include air defence systems and other weaponry to help Kyiv face a tough winter, White House national security adviser Jake Sullivan said. The announcement came as he met Volodymyr Zelensky at the White House after the Ukrainian leader had what he said were “frank” conversations with members of Congress over future support. This comes as the Pentagon announced “everything is on schedule” after being asked about the timing of the top-tier Abram tanks in the war zone for Ukraine. “For security reasons, I’m not going to be able to go into specifics in terms of when the tanks will arrive, other than to say that we expect them to arrive in Ukraine in the coming days and weeks,” Pentagon spokesperson brigadier general Patrick Ryder said in his briefing with reporters. Earlier, experts said Russian military chiefs had ordered troops to carry out “ill-conceived and unsupported” counterattacks in Bakhmut to urgently regain lost ground. One military blogger reportedly observed that “hysterical” counterattacks were depleting Russian resources and reserves. Read More Biden pledges more support for Ukraine’s defence as he announces new arms package President Zelensky and Ukraine’s First Lady arrive at White House Zelensky says he had ‘very strong dialogue with senators’ after closed-door meeting over Ukraine aid
1970-01-01 08:00
Ukraine’s Zelenskiy Vows to Keep on Fighting in Autumn, Winter
Ukraine’s Zelenskiy Vows to Keep on Fighting in Autumn, Winter
Ukraine will continue its counteroffensive through the autumn and into the winter, President Volodymyr Zelenskiy said, vowing to
1970-01-01 08:00
Asia Stocks to Follow US Losses With Focus on BOJ: Markets Wrap
Asia Stocks to Follow US Losses With Focus on BOJ: Markets Wrap
Equity markets in Asia are poised to open lower after US stocks suffered the biggest slump in six
1970-01-01 08:00
India May Keep Door Shut on Crypto for Two Years, Key Local Exchange Says
India May Keep Door Shut on Crypto for Two Years, Key Local Exchange Says
A shift by India to a less onerous crypto tax regime may be two years away, according to
1970-01-01 08:00
«193194195196»