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The United Kingdom conducted tests of a missile system with a range exceeding 300 miles. The weapon is designed to carry a 500-pound warhead and is intended to supplement existing Storm Shadow missiles supplied to Ukraine.
ukdefencejournal.org.ukThe weapon is designed to reach targets more than 300 miles away and deliver a 500-pound warhead. Twenty-seven bids were submitted, and six companies received contracts worth about £5 million each to develop prototypes.
MBDA UK, MGI Engineering, and Rotron Aerospace. The new system is intended to complement Storm Shadow cruise missiles already provided to Ukraine. A Ministry of Defence statement described the effort as combining support for Ukraine with British industrial capacity. Ukraine has separately continued development of its own long-range drones for use against targets inside Russia.
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Financial TimesEquity markets declined Tuesday after technology stocks including SpaceX and Alphabet led losses on Wall Street. The drop extended to exchanges in Asia and Europe.
thehindubusinessline.comMajor U.S. indices declined Tuesday as investors questioned returns on artificial intelligence spending. The Nasdaq Composite dropped 2.4 percent while the S&P 500 fell 1.6 percent.
CoinDeskThe Senate approved an 85-5 bipartisan housing affordability bill that includes a four-year prohibition on any U.S. central bank digital currency. The measure now heads to the House and, if enacted, would bar the Federal Reserve from issuing or creating a CBDC through 2030.