Latest news with #SharonSingleton
The Star
26-07-2025
- Business
- The Star
Indian firm says it shipped non-military explosives to Russia
NEW DELHI (Reuters) -An Indian firm that shipped $1.4 million worth of an explosive compound with military uses to Russia in December said on Saturday it complies with Indian rules and the substance it had shipped was for civilian industrial purposes. Reuters reported on July 24 that Ideal Detonators Private Limited shipped the compound, known as HMX or octogen, to two Russian explosives manufacturers despite U.S. threats to impose sanctions on any entity supporting Russia's Ukraine war effort. One of the Russian companies listed in Indian customs data as receiving the compound is the explosives manufacturer Promsintez. An official at Ukraine's SBU security service has said the Russian company has ties to the military and that Ukraine launched a drone attack in April against a Promsintez-owned factory. Promsintez did not respond to a request for comment. Ideal Detonators said in an emailed response to Reuters that the material it shipped was not military grade. "The shipment ... is for industrial activity and it's a civil explosive," the company said. The U.S. government has identified HMX as "critical for Russia's war effort" and has warned financial institutions against facilitating any sales of the substance to Moscow. The U.S. Treasury Department has the authority to sanction those who sell HMX and similar substances to Russia, sanctions lawyers have said. HMX is widely used in missile and torpedo warheads, rocket motors, exploding projectiles and plastic-bonded explosives for advanced military systems, according to the Pentagon's Defense Technical Information Center and related defense research programs. The compound also has some limited civilian applications in mining and other industrial activities. (Reporting by Shivam Patel in New Delhi; Editing by Sharon Singleton)
USA Today
18-07-2025
- Automotive
- USA Today
Mitsubishi invests nearly $1 billion in salmon farming to diversify beyond fossil fuels
Japanese trading house Mitsubishi 8058.T said on Thursday it would expand its salmon farming by acquiring additional businesses in Norway and Canada, as Japanese companies continue to grow in the food sector, with a focus on protein. Faced with volatile fossil fuel markets and in search of stable revenue streams, Mitsubishi and its rivals have been diversifying into the food business, where demand is set to grow alongside a rising world population. "In recent years, securing food resources has become a critical global challenge driven by population growth," Mitsubishi said in a statement. In case you missed it: Mitsubishi recalls nearly 200,000 SUVs. See impacted vehicles. The acquisition of three companies from Norwegian Grieg Seafood ASA was made via Cermaq Group, Mitsubishi's salmon farming company with assets in Norway, Canada and Chile. It will boost salmon production to around 280,000 tons in the 2027 fiscal year, up from some 200,000 tons produced by Cermaq annually now. The acquisition price is 10.2 billion Norwegian crowns ($988.33 million), Cermaq said in a separate statement. Salmon is among the most popular sushi items in Japan, but the bulk of it is imported from other countries, including Norway and Chile. Japan aims to raise the share of locally sourced seafood it consumes to 94% in 2033 from 54% now. In October, Marubeni 8002.T began selling salmon from a farm operated near Mount Fuji by its Norwegian partner, adding to the seafood business where its rivals Mitsubishi and Mitsui 8031.T are also present. ($1 = 10.3204 Norwegian crowns) Reporting by Katya Golubkova; Editing by Sharon Singleton and Rachna Uppal
The Star
14-07-2025
- Politics
- The Star
Sudanese activists say RSF forces killed almost 300 people in north Kordofan attacks
CAIRO (Reuters) -Sudanese activists said on Monday that the rebel paramilitary Rapid Support Forces (RSF) have killed almost 300 people in attacks in north Kordofan state, which began on Saturday. (Reporting by Nafisa Eltahir; Editing by Sharon Singleton)
The Star
24-05-2025
- Politics
- The Star
Russia says its forces capture three more settlements in east Ukraine
MOSCOW (Reuters) - Russian troops have captured the settlements of Stupochki, Otradne and Loknia in Ukraine's Donetsk and Sumy regions, the Russian Defence Ministry said on Saturday. Reuters could not independently confirm the battlefield report. (Reporting by Reuters; Editing by Sharon Singleton)
Yahoo
09-05-2025
- Business
- Yahoo
Cyprus court jails Hungarians brokering property sales in Turkish-held north
NICOSIA (Reuters) - A court in Cyprus sentenced two Hungarian nationals to prison on Friday for brokering sales of properties in the Turkish-held north of the island seized from fleeing Greek Cypriots in a 1974 war. The two women were convicted of advertising and finding buyers for coastal properties without the consent of the registered owners in the territory, which is a Turkish Cypriot state recognised only by Turkey. Friday's verdict, likely to draw the ire of Turkish Cypriots, highlights the complexity and sensitivity over territory in Cyprus, where thousands of people lost property and homes from internal displacement and a 1974 Turkish invasion triggered by a brief Greek-inspired coup. Those properties have since been re-distributed, and bought and sold many times. The territory has recently seen a surge in high-end investment. Cyprus's Criminal Court passed down sentencing of 2.5 years and 15 months jail to the two women, the semi-official Cyprus News Agency (CNA) reported. They had pleaded guilty to a number of charges, and prosecutors suspended others. The court is based in the southern part of Cyprus run by its internationally recognised Greek Cypriot government. The women were arrested late last year after arriving in the south. Greek Cypriot authorities have increasingly pursued legal action against foreign nationals investing in disputed properties in north Cyprus in recent years, and the issue is known to have caused friction in attempts to relaunch peace talks. Two other cases are pending before the courts. (Writing by Michele Kambas; Editing by Sharon Singleton)
