Greenland to Trump: ‘We’re open for business, not for sale’

Fed may not have enough firepower to prevent a recessionPresident Trump has been pressing the Fed to help head off a feared economic slowdown, but it’s not clear the central bank has the ammunition. The Fedread more


Fed may not have enough firepower to prevent a recessionPresident Trump has been pressing the Fed to help head off a feared economic slowdown, but it’s not clear the central bank has the ammunition. The Fedread more
Greenland to Trump: ‘We’re open for business, not for sale’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: david reid
Keywords: news, cnbc, companies, recessionpresident, greenland, slowdown, pressing, prevent, fed, firepower, head, business, open, help, sale, fedread, trump


Greenland to Trump: 'We're open for business, not for sale'

Fed may not have enough firepower to prevent a recession

President Trump has been pressing the Fed to help head off a feared economic slowdown, but it’s not clear the central bank has the ammunition.

The Fed

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Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: david reid
Keywords: news, cnbc, companies, recessionpresident, greenland, slowdown, pressing, prevent, fed, firepower, head, business, open, help, sale, fedread, trump


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Cathay Pacific Airways CEO resigns, the airline’s board blames ‘recent events’

Rupert Hogg, chief executive officer of Cathay Pacific Airways Ltd., attends a news conference in Hong Kong, China, on Wednesday, Mar. The CEO of Hong Kong airline Cathay Pacific, Rupert Hogg, is to step down as the company’s leader “in view of recent events.” The airline has been under huge political pressure from Beijing after one of its pilots was found to have taken part in the ongoing protests in Hong Kong. In a statement to the Hong Kong Stock Exchange on Friday, Cathay Pacific’s board con


Rupert Hogg, chief executive officer of Cathay Pacific Airways Ltd., attends a news conference in Hong Kong, China, on Wednesday, Mar. The CEO of Hong Kong airline Cathay Pacific, Rupert Hogg, is to step down as the company’s leader “in view of recent events.” The airline has been under huge political pressure from Beijing after one of its pilots was found to have taken part in the ongoing protests in Hong Kong. In a statement to the Hong Kong Stock Exchange on Friday, Cathay Pacific’s board con
Cathay Pacific Airways CEO resigns, the airline’s board blames ‘recent events’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: david reid
Keywords: news, cnbc, companies, events, kong, cathay, hong, confirmed, pacific, resigns, airline, view, step, ceo, statement, recent, hogg, board, airlines, blames, airways


Cathay Pacific Airways CEO resigns, the airline's board blames 'recent events'

Rupert Hogg, chief executive officer of Cathay Pacific Airways Ltd., attends a news conference in Hong Kong, China, on Wednesday, Mar. 13, 2019. The airline announced Hogg’s resignation on Mar.16.

The CEO of Hong Kong airline Cathay Pacific, Rupert Hogg, is to step down as the company’s leader “in view of recent events.”

The airline has been under huge political pressure from Beijing after one of its pilots was found to have taken part in the ongoing protests in Hong Kong. Another pilot was then said to have misused company information related to the protests. Both were subsequently sacked by the airline.

In a statement to the Hong Kong Stock Exchange on Friday, Cathay Pacific’s board confirmed that Hogg would step down as CEO despite there not being any matter that shareholders needed to be made aware of.

“He has also confirmed that he has resigned to take responsibility as a leader of the Company in view of recent events and that he is not aware of any disagreement with the Board,” added the statement.

From Monday, Hogg will be replaced by Augustus Tang. The airline also confirmed that Paul Loo has resigned as an Executive Director and Chief Customer and Commercial Officer and, on Monday, will be replaced by Ronald Lam.

In a separate statement issued by the airline, outgoing CEO Hogg said: “These have been challenging weeks for the airline and it is right that Paul and I take responsibility as leaders of the company.”

Cathay’s chairman, John Slosar, added that it was time to put “a new management team in place who can reset confidence”.


Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: david reid
Keywords: news, cnbc, companies, events, kong, cathay, hong, confirmed, pacific, resigns, airline, view, step, ceo, statement, recent, hogg, board, airlines, blames, airways


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British Airways computer failure causes widespread flight cancellations and delays

How bonds with negative yields work and why it’s bad for the… Imagine paying a highly educated, market-seasoned master of the financial universe to put your hard-earned cash in an investment that is guaranteed to lose. Marketsread more


How bonds with negative yields work and why it’s bad for the… Imagine paying a highly educated, market-seasoned master of the financial universe to put your hard-earned cash in an investment that is guaranteed to lose. Marketsread more
British Airways computer failure causes widespread flight cancellations and delays Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: david reid
Keywords: news, cnbc, companies, cancellations, yields, marketseasoned, computer, delays, british, theimagine, airways, widespread, work, negative, investment, paying, master, causes, losemarketsread, failure, flight, universe


British Airways computer failure causes widespread flight cancellations and delays

How bonds with negative yields work and why it’s bad for the…

Imagine paying a highly educated, market-seasoned master of the financial universe to put your hard-earned cash in an investment that is guaranteed to lose.

Markets

read more


Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: david reid
Keywords: news, cnbc, companies, cancellations, yields, marketseasoned, computer, delays, british, theimagine, airways, widespread, work, negative, investment, paying, master, causes, losemarketsread, failure, flight, universe


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‘No-deal’ Brexit chances rise as EU reportedly claims the UK has no other plan

The prospect of the U.K. leaving the European Union without any agreement or a framework for future relations looks increasingly likely. Reports in U.K. media suggest that a meeting between senior EU and U.K. diplomats has left Brussels with the firm impression that a no-deal Brexit is now the “central scenario” of the new U.K. Prime Minister Boris Johnson. The Bank of England has said if the U.K. does leave with no plan, there is a one-in-three chance of a U.K. recession. The spokesperson claim


The prospect of the U.K. leaving the European Union without any agreement or a framework for future relations looks increasingly likely. Reports in U.K. media suggest that a meeting between senior EU and U.K. diplomats has left Brussels with the firm impression that a no-deal Brexit is now the “central scenario” of the new U.K. Prime Minister Boris Johnson. The Bank of England has said if the U.K. does leave with no plan, there is a one-in-three chance of a U.K. recession. The spokesperson claim
‘No-deal’ Brexit chances rise as EU reportedly claims the UK has no other plan Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-06  Authors: david reid
Keywords: news, cnbc, companies, britain, backstop, ready, eu, uk, claims, union, willing, spokesperson, deal, nodeal, plan, reportedly, chances, brexit, ireland, rise


'No-deal' Brexit chances rise as EU reportedly claims the UK has no other plan

An anti-Brexit activist flies an EU flag during a demonstration outside of the Houses of Parliament in London on February 28, 2019.

The prospect of the U.K. leaving the European Union without any agreement or a framework for future relations looks increasingly likely.

Reports in U.K. media suggest that a meeting between senior EU and U.K. diplomats has left Brussels with the firm impression that a no-deal Brexit is now the “central scenario” of the new U.K. Prime Minister Boris Johnson.

Sterling has slipped in value over recent weeks in response to the fresh assertive line coming from Downing Street, sitting near two-year lows at around 1.22 versus the dollar.

Johnson sent his envoy to Brussels last week with the specific message that unless European officials ditch their commitment to the Irish backstop, then Britain will leave without any deal. The Bank of England has said if the U.K. does leave with no plan, there is a one-in-three chance of a U.K. recession.

The backstop is an arrangement designed to ensure no hard border is erected on the island of Ireland between the Republic of Ireland and Northern Ireland. Both sides of the debate have insisted they will not build border infrastructure but euroskeptic lawmakers in the U.K. are against any backstop, claiming it would keep Britain perpetually tied to a customs union with the EU.

On Tuesday, a U.K. government spokesperson, speaking to reporters on the condition of anonymity, suggested that Britain remained ready and willing to do a deal with Europe before the deadline of October 31.

The spokesperson claimed it was “sad” that Europe would not enter into fresh negotiations and that the U.K. government was “ready and willing” to talk.

Prior to those comments, The Guardian newspaper reported that EU officials don’t believe the U.K. realistically wants to explore any new deal, claiming that Britain “does not have another plan.”


Company: cnbc, Activity: cnbc, Date: 2019-08-06  Authors: david reid
Keywords: news, cnbc, companies, britain, backstop, ready, eu, uk, claims, union, willing, spokesperson, deal, nodeal, plan, reportedly, chances, brexit, ireland, rise


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US ends Reagan-era nuclear missile pact with Russia

The 1987 Reagan-era treaty ended after Moscow refused to destroy its new intermediate-range SSC-8 cruise missile that Washington said violated the INF. The SSC-8 missile can be tipped with conventional or nuclear explosives. President Donald Trump announced in February that he would end the agreement unless Russia mothballed the missile system. Pompeo’s statement said fielding the SSC-8 missile system in sites around Russia represented “a direct threat to the United States and our allies and par


The 1987 Reagan-era treaty ended after Moscow refused to destroy its new intermediate-range SSC-8 cruise missile that Washington said violated the INF. The SSC-8 missile can be tipped with conventional or nuclear explosives. President Donald Trump announced in February that he would end the agreement unless Russia mothballed the missile system. Pompeo’s statement said fielding the SSC-8 missile system in sites around Russia represented “a direct threat to the United States and our allies and par
US ends Reagan-era nuclear missile pact with Russia Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-02  Authors: david reid
Keywords: news, cnbc, companies, nuclear, threat, statement, treaty, ssc8, trump, russia, ends, missile, system, reaganera, military, washington, pact


US ends Reagan-era nuclear missile pact with Russia

Secretary of State Mike Pompeo listens during a cabinet meeting with U.S. President Donald Trump in the Cabinet Room of the White House, July 18, 2018 in Washington, DC.

The U.S. has formally withdrawn from a decades-old Intermediate-Range Nuclear Forces treaty, which banned ground-launched medium-range missiles with a range of 310 to 3,400 miles.

The 1987 Reagan-era treaty ended after Moscow refused to destroy its new intermediate-range SSC-8 cruise missile that Washington said violated the INF.

The SSC-8 missile can be tipped with conventional or nuclear explosives.

President Donald Trump announced in February that he would end the agreement unless Russia mothballed the missile system. At the time, Trump added that if Russia didn’t comply, the U.S. would “move forward with developing our own military response options” to Russia’s SSC-8.

In a statement Friday, which confirmed the U.S. withdrawal, Secretary of State Mike Pompeo said Russia was “solely responsible for the treaty’s demise” and that U.S. efforts to seek compromise had been continuously rejected by the Kremlin.

“Dating back to at least the mid-2000s, Russia developed, produced, flight tested, and has now fielded multiple battalions of its noncompliant missile. The United States first raised its concerns with Russia in 2013. Russia subsequently and systematically rebuffed six years of U.S. efforts seeking Russia’s return to compliance.”

The statement was released at the same time as a tweet from Pompeo’s Twitter account.

Russia’s short- and medium-range missiles are viewed as a particular threat to its neighboring countries as the weapons can be quickly launched, leaving the target country or region with almost no response time.

Pompeo’s statement said fielding the SSC-8 missile system in sites around Russia represented “a direct threat to the United States and our allies and partners.”

NATO added its weight to the U.S. position Friday, stating that Russia “bears sole responsibility” for the treaty collapse and that the military alliance would now respond in a “measured and responsible way” to “risks posed by the Russian 9M729,” an alternative name for the SSC-8.

NATO said in June that Russia must dismantle the short-range system, or the Western alliance would be forced to respond, adding that NATO defense ministers would now look at next steps “in the event that Russia does not comply.”

Responding to that June threat, Russia promised to take “countervailing military measures.”

CNBC reached out to Russian President Vladimir Putin’s press office but a comment was not immediately available.


Company: cnbc, Activity: cnbc, Date: 2019-08-02  Authors: david reid
Keywords: news, cnbc, companies, nuclear, threat, statement, treaty, ssc8, trump, russia, ends, missile, system, reaganera, military, washington, pact


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Gary Cohn: Trump’s trade war with China is hurting the US economy more

President Donald Trump’s former top economic advisor has said that the trade war with China is unwinnable and is hurting the U.S. economy. Gary Cohn told the BBC in an interview aired on Thursday, that tariffs were raising the cost of importing much needed products from China and were in fact neutralising Washington’s plan to stimulate growth through tax cuts. “When you build plant equipment, you’re buying steel, you’re buying aluminium, you’re buying imported products and then we put tariffs on


President Donald Trump’s former top economic advisor has said that the trade war with China is unwinnable and is hurting the U.S. economy. Gary Cohn told the BBC in an interview aired on Thursday, that tariffs were raising the cost of importing much needed products from China and were in fact neutralising Washington’s plan to stimulate growth through tax cuts. “When you build plant equipment, you’re buying steel, you’re buying aluminium, you’re buying imported products and then we put tariffs on
Gary Cohn: Trump’s trade war with China is hurting the US economy more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-01  Authors: david reid
Keywords: news, cnbc, companies, cohn, president, trade, told, tax, hurting, trumps, tariffs, war, buying, youre, hand, economy, china, gary


Gary Cohn: Trump's trade war with China is hurting the US economy more

President Donald Trump’s former top economic advisor has said that the trade war with China is unwinnable and is hurting the U.S. economy.

Gary Cohn told the BBC in an interview aired on Thursday, that tariffs were raising the cost of importing much needed products from China and were in fact neutralising Washington’s plan to stimulate growth through tax cuts.

“When you build plant equipment, you’re buying steel, you’re buying aluminium, you’re buying imported products and then we put tariffs on those, so literally the tax incentive we gave you with one hand was taken away with the other hand,” said Cohn.

The former director of the United States National Economic Council announced he was resigning from public service in April 2018 after Trump decided to impose import tariffs on steel and aluminium.

Cohn told the BBC that he described himself as openly anti-tariffs before adding that “everyone loses in a trade war.”

The former Goldman Sachs president said Trump’s plan to force Beijing’s hand on trade imbalances via tariffs was a view that the U.S. president had held “forever” but were in fact offering Chinese bureaucrats a convenient excuse.

“I think the Chinese economy was going to slow down with or without a trade war,” Mr Cohn said before adding it was having “a real impact” in parts of the U.S. economy such as automobile manufacturing and farming.


Company: cnbc, Activity: cnbc, Date: 2019-08-01  Authors: david reid
Keywords: news, cnbc, companies, cohn, president, trade, told, tax, hurting, trumps, tariffs, war, buying, youre, hand, economy, china, gary


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Iran’s president warns foreign powers to keep naval ships out of the Persian Gulf

Iranian President Hassan Rouhani (L) attends the 21st Nationwide Assembly of the Islamic Revolution Guards Corps (IRGC) Commanders in Tehran, Iran on September 15, 2015. Iranian President Hassan Rouhani has told his cabinet that protecting security around the Persian Gulf is solely the responsibility of countries in the region and that other nations should stay away. The United Kingdom is attempting to form an alliance with other nations to protect ships passing through the Persian Gulf and Stra


Iranian President Hassan Rouhani (L) attends the 21st Nationwide Assembly of the Islamic Revolution Guards Corps (IRGC) Commanders in Tehran, Iran on September 15, 2015. Iranian President Hassan Rouhani has told his cabinet that protecting security around the Persian Gulf is solely the responsibility of countries in the region and that other nations should stay away. The United Kingdom is attempting to form an alliance with other nations to protect ships passing through the Persian Gulf and Stra
Iran’s president warns foreign powers to keep naval ships out of the Persian Gulf Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-24  Authors: david reid
Keywords: news, cnbc, companies, oil, irgc, united, persian, warns, irans, gulf, nations, kingdom, iranian, hassan, rouhani, naval, foreign, ships, president, powers


Iran's president warns foreign powers to keep naval ships out of the Persian Gulf

Iranian President Hassan Rouhani (L) attends the 21st Nationwide Assembly of the Islamic Revolution Guards Corps (IRGC) Commanders in Tehran, Iran on September 15, 2015.

Iranian President Hassan Rouhani has told his cabinet that protecting security around the Persian Gulf is solely the responsibility of countries in the region and that other nations should stay away.

The United Kingdom is attempting to form an alliance with other nations to protect ships passing through the Persian Gulf and Strait of Hormuz, a channel that sees 20% of the world’s oil supply pass through it.

A U.K. ministry of defense spokesperson confirmed to CNBC Wednesday afternoon that negotiations were ongoing with a number of countries within Europe as well as others including India, the United States and Pakistan.

Iranian Revolutionary Guards (IRGC) seized a British Ship traveling through the channel on Friday, an apparent tit-for-tat measure after the United Kingdom had previously impounded an Iranian tanker in the Mediterranean which was suspected of intending to deliver oil to Syria’s Assad regime. Such a move is banned by EU sanctions.


Company: cnbc, Activity: cnbc, Date: 2019-07-24  Authors: david reid
Keywords: news, cnbc, companies, oil, irgc, united, persian, warns, irans, gulf, nations, kingdom, iranian, hassan, rouhani, naval, foreign, ships, president, powers


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Johnson becomes new UK prime minister, sets about appointing team

Britain’s new Prime Minister Boris Johnson gives a speech outside 10 Downing Street in London on July 24, 2019 on the day he was formally appointed British prime minister. – Boris Johnson takes charge as Britain’s prime minister on Wednesday, on a mission to deliver Brexit by October 31 with or without a deal. Boris Johnson has officially been installed as the new prime minister of the United Kingdom and must now set about tackling the country’s most pressing issues. On the steps of Downing Stre


Britain’s new Prime Minister Boris Johnson gives a speech outside 10 Downing Street in London on July 24, 2019 on the day he was formally appointed British prime minister. – Boris Johnson takes charge as Britain’s prime minister on Wednesday, on a mission to deliver Brexit by October 31 with or without a deal. Boris Johnson has officially been installed as the new prime minister of the United Kingdom and must now set about tackling the country’s most pressing issues. On the steps of Downing Stre
Johnson becomes new UK prime minister, sets about appointing team Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-24  Authors: david reid
Keywords: news, cnbc, companies, deal, prime, sets, street, johnson, team, brexit, downing, uk, ireland, minister, leader, britains, appointing


Johnson becomes new UK prime minister, sets about appointing team

Britain’s new Prime Minister Boris Johnson gives a speech outside 10 Downing Street in London on July 24, 2019 on the day he was formally appointed British prime minister. – Boris Johnson takes charge as Britain’s prime minister on Wednesday, on a mission to deliver Brexit by October 31 with or without a deal.

Boris Johnson has officially been installed as the new prime minister of the United Kingdom and must now set about tackling the country’s most pressing issues.

There are none presently bigger than Brexit and many see Johnson’s appointment as an opportunity for one of the architects of Britain’s decision to leave to own the detail of what happens next.

Speaking outside number 10 Downing Street in his first public words as leader, Johnson said “doubters, doomsters and gloomsters” who did not believe Britain could achieve a worthwhile Brexit would soon be proved wrong.

“The people who bet against Britain are going to lose their shirts,” said Johnson who added that his team would “do a new deal, a better deal,” and “maximise the benefits of Brexit.”

The new leader promised investement into social services, policing and hospitals. He also prioritised strengthening the union between the U.K.’s constituent parts, claiming that England, Scotland, Wales and Northern Ireland were an “awesome foursome.”

Johnson now has 99 days to renegotiate Brexit with the European Union in order to get a withdrawal deal in place by October 31.

On the steps of Downing Street, Johnson said he did not want the outcome of a “No deal” Brexit but Britain would need to fully prepare for that possibility.

The major issue will be what happens with the “Irish backstop” which ultimately prevented the outgoing leader Theresa May from passing her version of a deal. The backstop was essentially a provision that no hard border would be built on the island of Ireland, once U.K. constituent Northern Ireland, left Europe.


Company: cnbc, Activity: cnbc, Date: 2019-07-24  Authors: david reid
Keywords: news, cnbc, companies, deal, prime, sets, street, johnson, team, brexit, downing, uk, ireland, minister, leader, britains, appointing


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India successfully launches a rocket to the Moon’s shadowy far side in hunt for water

India has successfully launched a rocket carrying a spacecraft it hopes to touch down on the moon in 48 days’ time. India is attempting to land on the moon’s shadowy South Pole, where it is believed the surface may contain ice water. The rocket is carrying an orbiter, which will detach from the rocket and carry on to the moon. After circling the Moon, the un-manned lander will then be released down toward the South Pole landing spot. To date, the United States is the only country to have success


India has successfully launched a rocket carrying a spacecraft it hopes to touch down on the moon in 48 days’ time. India is attempting to land on the moon’s shadowy South Pole, where it is believed the surface may contain ice water. The rocket is carrying an orbiter, which will detach from the rocket and carry on to the moon. After circling the Moon, the un-manned lander will then be released down toward the South Pole landing spot. To date, the United States is the only country to have success
India successfully launches a rocket to the Moon’s shadowy far side in hunt for water Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-22  Authors: david reid
Keywords: news, cnbc, companies, rocket, india, surface, pole, water, satish, mission, space, shadowy, far, moon, hunt, lander, successfully, lunar, launches, south, moons


India successfully launches a rocket to the Moon's shadowy far side in hunt for water

Visitors take photos with their mobile phone of a TV screen showing the launch of Chandrayaan – 2 at the Satish Dhawan Space Centre in Sriharikota, an island off the coast of southern Andhra Pradesh state, at the Nehru Planetarium in New Delhi on July 22, 2019.

India has successfully launched a rocket carrying a spacecraft it hopes to touch down on the moon in 48 days’ time.

The Indian Space Research Organisation (ISRO) confirmed that its heavy lift rocket carrying Chandrayaan-2 (meaning lunar vehicle in English) took off from the Satish Dhawan Space Center off the Bay of Bengal coast in South East India, at 2:43 p.m. local time.

If successful, the unmanned mission will be only the second in history to land on the far side of the moon. The first was as recently as January 2019 when the Chinese Chang’e 4 spacecraft touched down.

India is attempting to land on the moon’s shadowy South Pole, where it is believed the surface may contain ice water.

The rocket is carrying an orbiter, which will detach from the rocket and carry on to the moon. A lander which will in turn eject down toward the surface of the moon and, assuming a stable landing, a rover module will exit the lander and use its 50-watts of power to meander on the surface. The rover, named Pragyan, will then look for evidence of water molecules.

The touch down on the moon is planned for September 6.

The rocket, while India’s most powerful, does not have the energy to launch the orbiter on a direct path to the moon. Instead, Chandrayaan-2 will separate from the rocket and then orbit the Earth several times, widening the orbit each time until it is pulled into the Moon’s gravitational pull. After circling the Moon, the un-manned lander will then be released down toward the South Pole landing spot.

The mission’s lander is called Vikram, named after Vikram Sarabhai who is widely regarded as the father of the Indian space program.

The cost of the mission is quoted as 9.78 billion rupees ($141 million), according to the Times of India.

The Chandrayaan-2 mission is under the stewardship of two women. Doctor Muthaya Vanitha has been running the project to launch stage. She has now handed over the reins to Mission Director Ritu Karidhal. All of the mission is autonomous and controlled from Earth under Karidhal’s supervision.

India launched its first lunar probe, Chandrayaan-1, in 2008 from the same Satish Dhawan Space Center. That mission saw a Moon impact probe launched from the orbiting craft which struck the lunar South Pole, placing India as the fourth country to plant a flag on the moon.

To date, the United States is the only country to have successfully conducted crewed missions to the Moon, with the last departing the lunar surface in December 1972.


Company: cnbc, Activity: cnbc, Date: 2019-07-22  Authors: david reid
Keywords: news, cnbc, companies, rocket, india, surface, pole, water, satish, mission, space, shadowy, far, moon, hunt, lander, successfully, lunar, launches, south, moons


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Iran rejects Trump’s claim that the US Navy destroyed one of its drones

Iran rejected claims that one of its drones has been shot down by a U.S. warship in the Strait of Hormuz. On Thursday, President Donald Trump said that USS Boxer, an amphibious assault ship, took down the drone after it came within 1,000 yards of the ship. I am worried that USS Boxer has shot down their own UAS (unmanned aerial system) by mistake!” Iran’s semi-official Tasnim News Agency, quoted a top Iranian general who also said there were no missing drones or any reports of action by the USS


Iran rejected claims that one of its drones has been shot down by a U.S. warship in the Strait of Hormuz. On Thursday, President Donald Trump said that USS Boxer, an amphibious assault ship, took down the drone after it came within 1,000 yards of the ship. I am worried that USS Boxer has shot down their own UAS (unmanned aerial system) by mistake!” Iran’s semi-official Tasnim News Agency, quoted a top Iranian general who also said there were no missing drones or any reports of action by the USS
Iran rejects Trump’s claim that the US Navy destroyed one of its drones Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: david reid
Keywords: news, cnbc, companies, boxer, destroyed, claim, drone, strait, uss, rejects, iran, drones, trumps, iranian, trump, hormuz, navy


Iran rejects Trump's claim that the US Navy destroyed one of its drones

Iran rejected claims that one of its drones has been shot down by a U.S. warship in the Strait of Hormuz.

On Thursday, President Donald Trump said that USS Boxer, an amphibious assault ship, took down the drone after it came within 1,000 yards of the ship.

“The drone was immediately destroyed,” Trump said at a White House event, adding that the drone was “the latest of many provocative and hostile actions by Iran against vessels operating in international waters.”

However, Iran’s deputy foreign minister took to Twitter to deny that the drone belonged to Iran, even suggesting that it could have been a case of friendly fire.

Abbas Araghchi tweeted: “We have not lost any drone in the Strait of Hormuz nor anywhere else. I am worried that USS Boxer has shot down their own UAS (unmanned aerial system) by mistake!”

Iran’s semi-official Tasnim News Agency, quoted a top Iranian general who also said there were no missing drones or any reports of action by the USS Boxer.

“Contrary to the false claim rooted in Trump’s illusions, all Unmanned Aerial Vehicles (UAVs) of the Islamic Republic of Iran in the Persian Gulf and the Strait of Hormuz … have returned safely to their bases after completing their scheduled reconnaissance and patrol missions,” Brigadier General Abolfazl Shekarchi said in a statement on Friday.

Shekarchi reportedly added that Trump’s drone shooting claim was part of an effort to raise insecurity in the Persian Gulf.

In a further rebuttal, Iranian news agencies carried a statement from Iran’s Revolutionary Guards on Friday that claimed they will soon prove Trump is wrong.

“Soon, images captured by the Guards drones from the U.S. warship Boxer will be published to expose to world public opinion as lies and groundless the claim… of shooting down an Iranian drone over the Strait of Hormuz,” it read.


Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: david reid
Keywords: news, cnbc, companies, boxer, destroyed, claim, drone, strait, uss, rejects, iran, drones, trumps, iranian, trump, hormuz, navy


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