The World is smoldering:

U.S. Military Selects Little-Known Utah Supplier for Drone Program

https://www.wsj.com/politics/national-security/u-s-military-selects-little-known-utah-supplier-for-drone-program-c492dc3d?mod=latest_headlines
The U.S. Army is bypassing some of venture capital’s best-funded drone makers to buy technology from a little-known Utah manufacturer.

Salt Lake City-based Teal Drones has been selected as the winner of a military program to provide thousands of small surveillance drones, according to a regulatory filing and an Army document viewed by The Wall Street Journal. 

The program will arm U.S. soldiers with backpack-size drones similar to what the Ukrainians have deployed in vast numbers in the war with Russia. The Army has said it needs around 11,700 drones for its Short Range Reconnaissance program, its largest effort yet to acquire small surveillance aircraft. That size of purchase could give Teal roughly $260 million in revenue in the coming years

Eurozone Wage Growth Picks Up Pace, ECB Says

https://www.wsj.com/economy/central-banking/eurozone-wage-growth-picks-up-pace-ecb-says-2cdbb2f0?mod=latest_headlines

The ECB said Wednesday that wages set through negotiations between employers and labor unions or similar bodies were 5.42% higher than a year earlier, a pickup from the 3.54% increase recorded in the three months through June. It was the fastest rise in wages since early 1993.

Russia Suspected as Baltic Undersea Cables Cut in Apparent Sabotage

https://www.wsj.com/world/europe/russia-suspected-as-baltic-undersea-cables-cut-in-apparent-sabotage-801cb392?mod=latest_headlines
Russia is suspected of orchestrating another major act of sabotage in Europe after two key fiber-optic data cables running below the Baltic Sea were cut off in quick succession earlier this week, government officials said.

A 135-mile internet link connecting Sweden’s Gotland Island and Lithuania stopped working on Sunday morning, and a similar 700-mile-long cable linking Finland and Germany ceased to operate the following night, according to government officials and telecom operators.

Swedish police started a preliminary sabotage investigation on Tuesday with assistance from the coast guard and the armed forces, the country’s police authority said.

Trump Picks Howard Lutnick as Commerce Secretary

https://www.wsj.com/politics/trump-commerce-secretary-howard-lutnick-cabinet-77c86b81?mod=latest_headlines
Donald Trump will nominate the veteran Wall Street financier Howard Lutnick to lead the Commerce Department, the president-elect said Tuesday, elevating one of the financial world’s most vocal supporters of Trump to a crucial position overseeing the incoming administration’s aggressive trade agenda.

Lutnick, chief executive officer of the financial-services firm Cantor Fitzgerald, in recent months has become a close Trump ally and had been a top contender to lead the Treasury Department. As the co-chair of the president-elect’s transition team, Lutnick has spent much of his time at Mar-a-Lago, Trump’s private Florida club, poring over shortlists of candidates for positions in the administration. 

U.S. closes embassy in Kyiv over potential ‘significant’ air attack as tensions with Russia soar

https://www.cnbc.com/2024/11/20/us-closes-embassy-in-kyiv-warning-of-potential-air-attack.html
The U.S. closed its embassy in Kyiv on Wednesday, warning that it has “received specific information of a potential significant air attack” amid soaring tensions with Russia.

The U.S. Embassy said in a statement that it was closing the building “out of an abundance of caution” and instructed embassy employees to shelter in place.

“The U.S. Embassy recommends U.S. citizens be prepared to immediately shelter in the event an air alert is announced,” it added.

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