Five US Marines missing after aircraft crash into sea off Japan

Five U.S. Marines were missing after two Marine Corps aircraft collided in mid-air and crashed into the sea off the coast of Japan on Thursday, in what U.S. officials said may have been a refueling exercise gone wrong. A series of emergency landings and parts falling from U.S. military aircraft have highlighted safety concerns. The Marine Corps said in a statement the incident occurred around 2 a.m. local time in Japan (1700 GMT Wednesday) about 200 miles off the Japanese coast. The two aircraft


Five U.S. Marines were missing after two Marine Corps aircraft collided in mid-air and crashed into the sea off the coast of Japan on Thursday, in what U.S. officials said may have been a refueling exercise gone wrong. A series of emergency landings and parts falling from U.S. military aircraft have highlighted safety concerns. The Marine Corps said in a statement the incident occurred around 2 a.m. local time in Japan (1700 GMT Wednesday) about 200 miles off the Japanese coast. The two aircraft
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Company: cnbc, Activity: cnbc, Date: 2018-12-06  Authors: chung sung-jun, getty images news, getty images
Keywords: news, cnbc, companies, marine, condition, incident, crash, marines, sea, military, japan, aircraft, ministry, corps, japanese, missing, occurred


Five US Marines missing after aircraft crash into sea off Japan

Five U.S. Marines were missing after two Marine Corps aircraft collided in mid-air and crashed into the sea off the coast of Japan on Thursday, in what U.S. officials said may have been a refueling exercise gone wrong.

Japan’s defense ministry said its maritime forces had so far found two of the seven Marines who were aboard the aircraft — an F/A-18 Hornet fighter jet and KC-130 Hercules — at the time of the incident.

One was in a stable condition at Marine Corps Air Station Iwakuni, while the second had been found about 10 hours after the collision and brought aboard a Japanese military vessel, the ministry said. No other details about the second Marine were known, a ministry spokesman said.

Search and rescue efforts for the remaining five continued.

The incident adds to a growing list of U.S. military aviation accidents around the world in recent years, prompting hearings in Congress to address the rise.

The Military Times reported earlier this year that aviation accidents jumped nearly 40 percent from fiscal years 2013 to 2017. At least 133 service members were killed in those incidents, it said.

U.S. military accidents are a sensitive topic in Japan, particularly for residents of the southern prefecture of Okinawa, which is home to the bulk of the U.S. presence in the country. A series of emergency landings and parts falling from U.S. military aircraft have highlighted safety concerns.

“The incident is regrettable, but our focus at the moment is on search and rescue,” Japanese Defense Minister Takeshi Iwaya told a news conference. “Japan will respond appropriately once the details of the incident are uncovered.”

The Marine Corps said in a statement the incident occurred around 2 a.m. local time in Japan (1700 GMT Wednesday) about 200 miles off the Japanese coast.

The two aircraft had launched from Marine Corps Air Station Iwakuni and were conducting regular training when there was a “mishap,” the Marine Corps said.

The Marine Corps did not elaborate on the nature of the incident. A U.S. official, speaking on condition of anonymity, said it occurred during a refueling exercise.

Officials who spoke to Reuters on condition of anonymity were unsure precisely how the mishap occurred but none suspected foul play. An investigation has begun.


Company: cnbc, Activity: cnbc, Date: 2018-12-06  Authors: chung sung-jun, getty images news, getty images
Keywords: news, cnbc, companies, marine, condition, incident, crash, marines, sea, military, japan, aircraft, ministry, corps, japanese, missing, occurred


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Millennials are killing canned tuna, but the industry is fighting back

This time, millennials are killing canned tuna, according to a Wall Street Journal report. Consumption of canned tuna has dropped 42 percent per capita from the last 30 years through 2016, according to U.S. Department of Agriculture data. Harris, who has worked with canned tuna businesses, believes that the traditional companies have fallen behind because it’s a low-margin business and investing in packaging falls low on the list of priorities. The main priority for canned tuna companies now, ac


This time, millennials are killing canned tuna, according to a Wall Street Journal report. Consumption of canned tuna has dropped 42 percent per capita from the last 30 years through 2016, according to U.S. Department of Agriculture data. Harris, who has worked with canned tuna businesses, believes that the traditional companies have fallen behind because it’s a low-margin business and investing in packaging falls low on the list of priorities. The main priority for canned tuna companies now, ac
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Company: cnbc, Activity: cnbc, Date: 2018-12-03  Authors: amelia lucas, geri lavrov, getty images
Keywords: news, cnbc, companies, fighting, sea, killing, market, industry, bee, younger, millennials, tuna, starkist, pouches, according, canned


Millennials are killing canned tuna, but the industry is fighting back

Another one bites the dust. This time, millennials are killing canned tuna, according to a Wall Street Journal report.

Consumption of canned tuna has dropped 42 percent per capita from the last 30 years through 2016, according to U.S. Department of Agriculture data. And the industry places the blame on younger consumers, who want fresher or more convenient options.

“A lot of millennials don’t even own can openers,” Andy Mecs, the vice president of marketing and innovation for Starkist, said to the Journal.

The struggle of the three largest canned tuna companies, StarKist, Bumble Bee Foods and Chicken of the Sea International, mirrors that of others in the packaged food industry, like Campbell Soup and Kraft Heinz. Younger consumers are turning away from processed foods, and new competitors are catering to changing tastes faster than the industry’s giants.

To Ken Harris, managing partner at Cadent Consulting Group, the bigger picture is about convenience.

“In the last 15 years, can openers became passe,” Harris told CNBC.

Harris, who has worked with canned tuna businesses, believes that the traditional companies have fallen behind because it’s a low-margin business and investing in packaging falls low on the list of priorities. The main priority for canned tuna companies now, according to Harris, should be packaging that makes it easy to remove and drain the tuna.

Upstarts like Wild Planet Foods and Safe Catch market their tuna as safer and higher quality and are slowly eating into the big three’s market share, the paper said. According to Nielsen data as of October, smaller brands (not including private labels) control 6.3 percent of the market, up from 3.7 percent in 2014, the Journal said.

To stage a comeback, the traditional tuna makers are taking a page from those brands. Bumble Bee and StarKist both have premium brands that they market as sustainable.

They’re also focusing on the products that are working. Tuna pouches don’t require a can opener, and StarKist told the WSJ that sales of its pouches are increasing by 20 percent annually. Kroger’s Home Chef, a meal-kit company, has partnered with the tuna brand to put its yellowfin tuna pouches in kits next year.

Bumble Bee and StarKist have also turned to flavors favored by millennials, like sriracha.

Chicken of the Sea is pitching it to younger consumers as a snack. The San Diego-based company started selling resealable cups of its flavored tuna this summer.

Bumble Bee, Starkist and Chicken of the Sea weren’t immediately available for comment when CNBC reached out.

Read more about the tuna industry’s plans at the Wall Street Journal.

WATCH: Canned wine is no longer a fad, it’s a $45 million industry


Company: cnbc, Activity: cnbc, Date: 2018-12-03  Authors: amelia lucas, geri lavrov, getty images
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It’s time to stop appeasing Putin. Here’s how to deter him

Still, there is a Munich lesson for how to respond to Putin today. It encourages malevolent actors to escalate their ambitions as they calculate what they wish to achieve against reduced risk and resistance. Western intelligence services – mostly caught by surprise by these events – have been gaming what the Russian leader might do next. Russia should permit Ukrainian shipping free access to the Sea of Azov, in accordance with the 2003 agreement. Once operational, Nord Stream 2 — which bypasses


Still, there is a Munich lesson for how to respond to Putin today. It encourages malevolent actors to escalate their ambitions as they calculate what they wish to achieve against reduced risk and resistance. Western intelligence services – mostly caught by surprise by these events – have been gaming what the Russian leader might do next. Russia should permit Ukrainian shipping free access to the Sea of Azov, in accordance with the 2003 agreement. Once operational, Nord Stream 2 — which bypasses
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Company: cnbc, Activity: cnbc, Date: 2018-12-01  Authors: fred kempe, mikhail svetlov, getty images
Keywords: news, cnbc, companies, sea, stop, putin, appeasing, ukrainian, ukraine, deter, russia, azov, heres, crimea, european, russian, russias


It's time to stop appeasing Putin. Here's how to deter him

MUNICH – There are few better places in the world than here to reflect on the need to end Western appeasement of Vladimir Putin and his growing list of international crimes. The latest was last Sunday’s Russian attack on Ukrainian naval vessels in the Black Sea – and its purpose of asserting Kremlin control over its still-sovereign neighbor.

This Bavarian city of beer halls and baroque beauty has another claim it would rather shake, one that made its name synonymous with appeasement. On Sept. 30, 1938, when the perils posed by Adolf Hitler were already apparent, British Prime Minister Neville Chamberlain, French Premier Edouard Daladier, and Italian leader Benito Mussolini signed the Munich Pact, which handed Nazi Germany large parts of Czechoslovakia in the name of peace.

There’s an unwritten rule among serious historians and journalists: No one and nothing should be compared to Hitler and the Third Reich, a singular personality and episode of evil. No direct comparison is reasonable or useful. Russians suffered more fatalities than any other people from what became known as the “Munich Betrayal” and the world war that was to come.

Still, there is a Munich lesson for how to respond to Putin today. Appeasement’s price is always high. It encourages malevolent actors to escalate their ambitions as they calculate what they wish to achieve against reduced risk and resistance.

Russia’s invasion of Georgia in 2008, and the de facto annexation of its two breakaway provinces, was followed by the illegal annexation of Crimea in 2014, the first forceful changing of European borders since World War II. Then there was Moscow’s intervening in Syria to prop up murderous dictator Bassar al Assad in 2015, which was followed by Russia’s interference in the 2016 U.S. elections.

Western intelligence services – mostly caught by surprise by these events – have been gaming what the Russian leader might do next. It was a safe bet that it would fall within his campaigns to rebuild regional influence or to undermine the United States, its European allies, and their democracies and primary institutions, NATO and the European Union, while blocking their ability to accept new members from Moscow’s neighborhood.

Part of the answer came last weekend.

Two aspects of Russia’s military action were significant. First, it was the first time that Putin had so brazenly used his own conventional military forces against Ukraine, where he has acted mostly in the shadows or through proxies. Second, by firing upon Ukrainian vessels, he must have factored in a potential chain of events that might have led to a wider war.

President Donald Trump’s tweet on Thursday that he wouldn’t meet with Putin this weekend on the margins of the G-20 in Argentina was encouraging but insufficient.

In an interview with the German-language Bild Zeitung, Ukrainian President Petro Poroshenko this week warned, “The only language [Putin] understands is the solidarity of the Western world. We can’t accept Russia’s aggressive policies. First it was Crimea, then eastern Ukraine, now he wants the Sea of Azov.”

Here’s a brief guide to what has happened and what should be done, providing context and a range of responses recommended by Atlantic Council experts:

In 2003, Russia and Ukraine reached agreement on cooperation in the shared waterways of the Sea of Azov and the Kerch Strait, which runs between Russia and Crimea as the only entrance to the sea.

After Russia illegally annexed Crimea in 2014, it used its new control of both sides of the strait to build a $3.7 billion bridge connecting Crimea to mainland Russia. Its low height of 115 feet cut off access of larger ships to the Ukrainian ports of Mariupol and Berdyansk, resulting in a sharp decline of port revenues.

In May of this year, following the bridge’s completion, Russia moved naval vessels, including warships from its Caspian Flotilla, to the Sea of Azov. Since then, Russia has detained some 150 Ukrainian and foreign merchant ships and interrogated their crew members, according to a Ukrainian official and port authorities, deterring more ship traffic and further cutting revenues.

Last Sunday, Russian forces opened fire and seized three Ukrainian naval ships after rebuffing their attempt to travel from the Black Sea to the Sea of Azov through the Kerch Strait. Russian troops detained 24 Ukrainian crew members, six of whom were injured, and have now transferred them to Moscow for criminal prosecution.

The United States, European allies, the European Union, and NATO have condemned the Kremlin’s aggression against Ukraine. Without more than that, however, Putin won’t be deterred.

Atlantic Council experts favor a three-pronged, diplomatic, economic, and military response, including but not limited to the following:

– Diplomatically, the U.S., NATO, the EU, and other western allies should not only condemn the Russian actions but also detail how they violate specific international conventions. There should be demands that Russia apologize, punish those responsible, and immediately release the Ukrainian sailors.

Russia should permit Ukrainian shipping free access to the Sea of Azov, in accordance with the 2003 agreement. The NATO and EU should jointly send a fact-finding mission to the Sea of Azov.

– Economically, the United States and Europe should more stringently enforce the already existing sanctions imposed following Russia’s annexation of Crimea, since that is the source of the problem. They should then prepare new sanctions on Russian financial institutions and shipping interests, to be implemented if Russia doesn’t reverse course.

To impose even greater costs, the U.S. should push Germany to suspend the ill-conceived Nord Stream 2 gas pipeline from Russia to Germany via the Baltic Sea. Once operational, Nord Stream 2 — which bypasses Ukraine — will cost Ukraine a 3 percent drop in GDP. Russia’s multiple provocations undermine European efforts to obtain guarantees of continued gas transit through Ukraine after Nord Stream 2 comes on line.

– Given the more direct Russian military involvement, it’s also time to increase surveillance and other monitoring of the Sea of Azov by the Organization for Security and Co-operation in Europe and Western drones. A stronger message would be to widen NATO and U.S. military presence in the eastern Black Sea by increasing freedom of navigation operations.

Finally, the U.S. and allies should provide additional defensive naval armaments to Ukraine, including coastal defense surface-to-ship missiles, patrol boats, radar, and additional intelligence, surveillance, and reconnaissance assets.

Critics might argue that such actions would be provocative. History has taught us, however, that appeasement is the most inflammatory action.

That is the lasting lesson of Munich.

Frederick Kempe is a best-selling author, prize-winning journalist and president & CEO of the Atlantic Council, one of the United States’ most influential think tanks on global affairs. He worked at The Wall Street Journal for more than 25 years as a foreign correspondent, assistant managing editor and as the longest-serving editor of the paper’s European edition. His latest book – “Berlin 1961: Kennedy, Khrushchev, and the Most Dangerous Place on Earth” – was a New York Times best-seller and has been published in more than a dozen languages. Follow him on Twitter @FredKempe and subscribe here to Inflection Points, his look each Saturday at the past week’s top stories and trends.

For more insight from CNBC contributors, follow @CNBCopinion on Twitter.


Company: cnbc, Activity: cnbc, Date: 2018-12-01  Authors: fred kempe, mikhail svetlov, getty images
Keywords: news, cnbc, companies, sea, stop, putin, appeasing, ukrainian, ukraine, deter, russia, azov, heres, crimea, european, russian, russias


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Oil prices rise on North Sea outage, ahead of OPEC, G20 meetings

The shutdown of Britain’s largest North Sea oilfield for repairs also supported prices, traders said. U.S. West Texas Intermediate (WTI) crude futures were at $52.11 per barrel at 0448 GMT, up 55 cents, or 1.1 percent from their last settlement. International Brent crude oil futures were up 57 cents, or 1 percent, at $60.78 per barrel. Despite Wednesday’s rise, oil prices have still lost around 30 percent in value since early October, weighed down by an emerging supply overhang and by widespread


The shutdown of Britain’s largest North Sea oilfield for repairs also supported prices, traders said. U.S. West Texas Intermediate (WTI) crude futures were at $52.11 per barrel at 0448 GMT, up 55 cents, or 1.1 percent from their last settlement. International Brent crude oil futures were up 57 cents, or 1 percent, at $60.78 per barrel. Despite Wednesday’s rise, oil prices have still lost around 30 percent in value since early October, weighed down by an emerging supply overhang and by widespread
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Company: cnbc, Activity: cnbc, Date: 2018-11-28  Authors: andrew burton, getty images
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Oil prices rise on North Sea outage, ahead of OPEC, G20 meetings

Oil prices rose by one percent on Wednesday ahead of an OPEC meeting next week at which the producer club is expected to decide some form of supply cut to counter an emerging glut.

The shutdown of Britain’s largest North Sea oilfield for repairs also supported prices, traders said.

U.S. West Texas Intermediate (WTI) crude futures were at $52.11 per barrel at 0448 GMT, up 55 cents, or 1.1 percent from their last settlement.

International Brent crude oil futures were up 57 cents, or 1 percent, at $60.78 per barrel.

The Buzzard oilfield, which pumps about 150,000 barrels per day (bpd) has closed temporarily after the discovery of pipe corrosion. A smaller field linked to Forties, Total’s Elgin-Franklin, is also shut for maintenance. As a result, trade sources said three cargoes due to load in December had been cancelled.

Despite Wednesday’s rise, oil prices have still lost around 30 percent in value since early October, weighed down by an emerging supply overhang and by widespread weakness in financial markets.

The crude oil price slump since October is so far on par with the 2008 price crash and steeper than that of 2014/2015.

The Organization of the Petroleum Exporting Countries (OPEC) will meet at its headquarters in Vienna, Austria, on Dec. 6 to discuss output policy.

The OPEC-meeting will follow a gathering by the Group of 20 (G-20) nations, which includes the world’s biggest economies, in Argentina this weekend, at which the Sino-American trade dispute as well as oil policy are expected to be discussed.

While most analysts expect some form of supply cut from the OPEC meeting, sentiment in oil markets remains negative.

“Options traders remain focused on downside risks following a 30 percent slide in WTI,” Erik Norland, senior economist at commodities exchange CME Group wrote in a note, referring to the higher number of traders who have placed positions that would profit from a further fall in crude prices than those placing bets on a rising market.

Portfolio managers have slashed their combined net long position in crude futures by a total of 607 million barrels over the last eight weeks, the largest reduction over a comparable period since at least 2013, when the current data series began, exchange data showed.

A concern to global markets is a slowdown in global trade as a result of the Sino-American trade dispute, swelling debt and a strong dollar that puts pressure on emerging markets.

The World Trade Organization (WTO) said in its latest outlook, published on Tuesday, that “trade growth is likely to slow further into the fourth quarter of 2018”, with growth likely at its slowest since Oct. 2016.


Company: cnbc, Activity: cnbc, Date: 2018-11-28  Authors: andrew burton, getty images
Keywords: news, cnbc, companies, trade, oil, wti, opec, rise, futures, crude, g20, sea, outage, prices, meetings, supply, north, ahead, emerging, traders


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Russia would ‘pay a huge price’ if it invades us, Ukraine’s president warns

Ukraine’s President Petro Poroshenko has warned that Russia will face serious consequences if it attacks its neighbor Ukraine, days after Russia seized three Ukrainian navy ships and their crew members claiming they had entered Russian waters illegally. “We will fight for our freedom, we will fight for our democracy, we will fight for our soil,” Petro Poroshenko told NBC News on Tuesday evening. “The Russians will pay a huge price if they attack us.” Ukraine said the incident was an “act of aggr


Ukraine’s President Petro Poroshenko has warned that Russia will face serious consequences if it attacks its neighbor Ukraine, days after Russia seized three Ukrainian navy ships and their crew members claiming they had entered Russian waters illegally. “We will fight for our freedom, we will fight for our democracy, we will fight for our soil,” Petro Poroshenko told NBC News on Tuesday evening. “The Russians will pay a huge price if they attack us.” Ukraine said the incident was an “act of aggr
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Company: cnbc, Activity: cnbc, Date: 2018-11-28  Authors: holly ellyatt, maxym marusenko, nurphoto via getty images
Keywords: news, cnbc, companies, ukraines, russia, warned, ships, fight, waters, invades, pay, ukraine, warns, huge, poroshenko, sea, price, president, ukrainian


Russia would 'pay a huge price' if it invades us, Ukraine's president warns

Ukraine’s President Petro Poroshenko has warned that Russia will face serious consequences if it attacks its neighbor Ukraine, days after Russia seized three Ukrainian navy ships and their crew members claiming they had entered Russian waters illegally.

“We will fight for our freedom, we will fight for our democracy, we will fight for our soil,” Petro Poroshenko told NBC News on Tuesday evening. “The Russians will pay a huge price if they attack us.”

Ukraine and Russia’s relationship hit a new low on Sunday after Russia seized three Ukrainian Navy vessels (two artillery ships and a tug boat) and their 23 crew members in the Kerch Strait, a channel that separates the Sea of Azov and Black Sea, to the south of Ukraine and Russia, on Sunday.

Ukraine said the incident was an “act of aggression,” while Russia said the ships had entered its territorial waters illegally. Both sides accuse the other of violating the conditions of a 2003 treaty that enshrines free access to the Kerch Strait and Sea of Azov.

The latest episode marks yet another low point in relations between the neighbors after Russia annexed Crimea from Ukraine in 2014 and supported a pro-Russian uprising in east Ukraine in the same year – although the Kremlin denied any involvement. Needless to say, Russia’s actions provoked international condemnation and a range of sanctions were imposed on it.

Ukraine’s president has responded to the latest provocation by declaring martial law in certain parts of the country, namely areas which border Russia. He also warned that a land invasion by Russia was a threat.

Speaking to NBC’s Richard Engels ahead of a Group of 20 (G-20) summit in Buenos Aires this weekend, where President Trump is expected to meet with Russian President Vladimir Putin, Poroshenko said he wants a message passed on to Putin:

“Please, get out from Ukraine, Mr. Putin,” Poroshenko said.

To read the whole story from NBC News, click here.


Company: cnbc, Activity: cnbc, Date: 2018-11-28  Authors: holly ellyatt, maxym marusenko, nurphoto via getty images
Keywords: news, cnbc, companies, ukraines, russia, warned, ships, fight, waters, invades, pay, ukraine, warns, huge, poroshenko, sea, price, president, ukrainian


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Putin says Ukraine provoked Russia into ship seizure as part of a ‘dirty game’

Ukraine is responsible for provoking a dispute with Russia in which the federation seized several Ukrainian ships on Sunday, Russian President Vladimir Putin said Wednesday. “This is a dirty game within the country (Ukraine),” Putin said, addressing an audience of business people and investors at VTB Bank’s ‘Russia Calling’ investment forum in Moscow. “It is a provocation initiated by the current authorities, and I think by the (Ukrainian) president, in light of the upcoming elections to be held


Ukraine is responsible for provoking a dispute with Russia in which the federation seized several Ukrainian ships on Sunday, Russian President Vladimir Putin said Wednesday. “This is a dirty game within the country (Ukraine),” Putin said, addressing an audience of business people and investors at VTB Bank’s ‘Russia Calling’ investment forum in Moscow. “It is a provocation initiated by the current authorities, and I think by the (Ukrainian) president, in light of the upcoming elections to be held
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Company: cnbc, Activity: cnbc, Date: 2018-11-28  Authors: holly ellyatt, mikhail svetlov, getty images news, getty images
Keywords: news, cnbc, companies, ships, putin, provoked, seizure, ukrainian, ship, president, sea, game, russia, incident, dirty, strait, seized, ukraine


Putin says Ukraine provoked Russia into ship seizure as part of a 'dirty game'

Ukraine is responsible for provoking a dispute with Russia in which the federation seized several Ukrainian ships on Sunday, Russian President Vladimir Putin said Wednesday.

“This is a dirty game within the country (Ukraine),” Putin said, addressing an audience of business people and investors at VTB Bank’s ‘Russia Calling’ investment forum in Moscow.

“It is a provocation initiated by the current authorities, and I think by the (Ukrainian) president, in light of the upcoming elections to be held next year… The incident in the Black Sea happened, it is a border incident, no more,” he said. Ukraine had used the incident as a pretext to introduce martial law, he said.

Putin’s comments come after Russia ramped up its dispute with Ukraine on Sunday when it seized three Ukrainian navy vessels and their crew members in the Kerch Strait, a channel of water that links the Sea of Azov and Black Sea and one that’s crucial for both nations’ economies.

Ukraine said the incident was an “act of aggression,” while Russia said the ships had entered its territorial waters illegally, an allegation Putin repeated. Both sides accuse the other of violating the conditions of a 2003 treaty that enshrines free access to the Kerch Strait and Sea of Azov.

Putin said Wednesday that Ukraine’s action was “undoubtedly a provocation” designed to boost Ukrainian President Petro Poroshenko’s popularity ratings ahead of a presidential election in March 2019.

Russia is still laboring under international sanctions for its 2014 annexation of Crimea and role (which it denies) in a pro-Russian uprising in the east of Ukraine the same year. Those sanctions, which target Russian individuals, entities and sectors separately, could be extended beyond the current expiry dates in 2019.

On Tuesday, Poroshenko warned that Russia would face serious consequences if it attacks Ukraine, telling NBC News that Moscow would pay a “huge price” if it did so.


Company: cnbc, Activity: cnbc, Date: 2018-11-28  Authors: holly ellyatt, mikhail svetlov, getty images news, getty images
Keywords: news, cnbc, companies, ships, putin, provoked, seizure, ukrainian, ship, president, sea, game, russia, incident, dirty, strait, seized, ukraine


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Boeing shares up as crash investigators probe possible Lion Air maintenance errors

Boeing shares rose Wednesday after a preliminary report from Indonesia investigators said the Lion Air 737 plane “was not airworthy” before its fateful flight. Investigators are now looking at potential maintenance mistakes that may have led to the Oct. 29 crash that killed 189 people, according to The Wall Street Journal. “The logs indicate that various maintenance procedures were performed, but issues related to airspeed and altitude continued on each successive flight.” The company’s shares h


Boeing shares rose Wednesday after a preliminary report from Indonesia investigators said the Lion Air 737 plane “was not airworthy” before its fateful flight. Investigators are now looking at potential maintenance mistakes that may have led to the Oct. 29 crash that killed 189 people, according to The Wall Street Journal. “The logs indicate that various maintenance procedures were performed, but issues related to airspeed and altitude continued on each successive flight.” The company’s shares h
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Company: cnbc, Activity: cnbc, Date: 2018-11-28  Authors: michael sheetz, azwar ipank, afp, getty images
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Boeing shares up as crash investigators probe possible Lion Air maintenance errors

Boeing shares rose Wednesday after a preliminary report from Indonesia investigators said the Lion Air 737 plane “was not airworthy” before its fateful flight.

Investigators are now looking at potential maintenance mistakes that may have led to the Oct. 29 crash that killed 189 people, according to The Wall Street Journal.

A pilot flying the jet the day before the crash chose to press on after shutting down the plane’s anti-stall system, Nurcahyo Utomo, head of Indonesia’s national transport safety committee, said at a news conference. Boeing further described the investigators’ initial findings in a statement.

“The report explains that the maintenance logs for the accident aircraft recorded problems related to airspeed and altitude on each of the four flights that occurred over the three days prior to Flight 610,” Boeing said. “The logs indicate that various maintenance procedures were performed, but issues related to airspeed and altitude continued on each successive flight.”

Boeing’s stock rose 1.7 percent Wednesday. The company’s shares had slid steadily since the crash, down more than 8 percent this month.

The Journal report said investigators suspect maintenance mistakes in the days before the crash may have led to the unexpected series of events that sent the plane in a steep dive into the Java Sea. Indonesian investigators said Wednesday they were looking at those maintenance actions.

“At this stage, we cannot determine if [the actions were] correct or not,” Utomo said.

Following the Lion Air plane’s flight the previous day, Boeing said “the pilot reported some of the experienced issues both on the aircraft maintenance log and to engineering.”

“The report states that the pilot ran the runaway stabilizer non-normal check list, but it does not state that he communicated that fact in the maintenance documentation following that flight,” Boeing said.

A final report is expected in the coming months but the investigation continues to be hampered by the missing cockpit voice recorder, which sank to the floor of the Java Sea after the crash.

– CNBC’s Meghan Reeder and Reuters contributed to this report.

WATCH: Inside United Airlines’ Pilot Training Simulator


Company: cnbc, Activity: cnbc, Date: 2018-11-28  Authors: michael sheetz, azwar ipank, afp, getty images
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Ukraine guilty of dangerous ‘provocations,’ Russia says after it seizes ships

Russia seized three Ukrainian ships on Sunday but the Kremlin has said Ukraine is guilty of “provocations.” Russia’s seizure of three Ukrainian Navy vessels, and 23 crew members, in the Kerch Strait (a channel that separates the Sea of Azov and Black Sea, to the south of Ukraine and Russia) on Sunday has provoked international criticism and concern. Ukraine called the seizure an “act of aggression” and said the incident violates a 2003 treaty between the countries that enshrines shared access to


Russia seized three Ukrainian ships on Sunday but the Kremlin has said Ukraine is guilty of “provocations.” Russia’s seizure of three Ukrainian Navy vessels, and 23 crew members, in the Kerch Strait (a channel that separates the Sea of Azov and Black Sea, to the south of Ukraine and Russia) on Sunday has provoked international criticism and concern. Ukraine called the seizure an “act of aggression” and said the incident violates a 2003 treaty between the countries that enshrines shared access to
Ukraine guilty of dangerous ‘provocations,’ Russia says after it seizes ships Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-27  Authors: holly ellyatt, str, afp, getty images
Keywords: news, cnbc, companies, ships, provocations, dangerous, black, guilty, seizure, sea, russian, russia, kremlin, ukrainian, seizes, ukraine, strait


Ukraine guilty of dangerous 'provocations,' Russia says after it seizes ships

Russia seized three Ukrainian ships on Sunday but the Kremlin has said Ukraine is guilty of “provocations.”

Russia’s seizure of three Ukrainian Navy vessels, and 23 crew members, in the Kerch Strait (a channel that separates the Sea of Azov and Black Sea, to the south of Ukraine and Russia) on Sunday has provoked international criticism and concern.

But Kremlin Spokesman Dmitry Peskov told reporters on Tuesday that President Putin would announce his stance on the situation in the next few days and that “it would be wrong to underestimate the significance and danger of such provocations,” Russian news agency TASS reported.

Ukraine called the seizure an “act of aggression” and said the incident violates a 2003 treaty between the countries that enshrines shared access to the Kerch Strait and Sea of Azov.

Russia said the ships were illegally in its territorial waters in the Black Sea and said they were “performing dangerous maneuvers.” Russia also says that the ships did not respond to the demands of the Russian Federal Security Service (the FSB, Russia’s intelligence agency) border directorate and the Black Sea Fleet to stop.


Company: cnbc, Activity: cnbc, Date: 2018-11-27  Authors: holly ellyatt, str, afp, getty images
Keywords: news, cnbc, companies, ships, provocations, dangerous, black, guilty, seizure, sea, russian, russia, kremlin, ukrainian, seizes, ukraine, strait


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International reaction to Ukrainian ship seizures

The bad blood between Russia and Ukraine is nothing new, but the latest clash between the two nations has got the international community talking about Russia, again. Russia seized three Ukrainian Navy vessels and their 23 crew members in the Kerch Strait, a channel that separates the Sea of Azov and Black Sea, to the south of Ukraine and Russia, on Sunday. Ukraine said the incident was an “act of aggression,” while Russia said the ships had violated its waters. CNBC has a selection of comment a


The bad blood between Russia and Ukraine is nothing new, but the latest clash between the two nations has got the international community talking about Russia, again. Russia seized three Ukrainian Navy vessels and their 23 crew members in the Kerch Strait, a channel that separates the Sea of Azov and Black Sea, to the south of Ukraine and Russia, on Sunday. Ukraine said the incident was an “act of aggression,” while Russia said the ships had violated its waters. CNBC has a selection of comment a
International reaction to Ukrainian ship seizures Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-27  Authors: holly ellyatt, reuters pavel rebrov
Keywords: news, cnbc, companies, sea, violated, russia, nations, seizures, international, vessels, ukrainian, reaction, ukraine, waterscnbc, unequivocal, world, western, ship


International reaction to Ukrainian ship seizures

The bad blood between Russia and Ukraine is nothing new, but the latest clash between the two nations has got the international community talking about Russia, again.

Russia seized three Ukrainian Navy vessels and their 23 crew members in the Kerch Strait, a channel that separates the Sea of Azov and Black Sea, to the south of Ukraine and Russia, on Sunday. Ukraine said the incident was an “act of aggression,” while Russia said the ships had violated its waters.

CNBC has a selection of comment and reaction from around the world. Needless to say, most Western nations were unequivocal in their support for Ukraine and condemnation of Russia.


Company: cnbc, Activity: cnbc, Date: 2018-11-27  Authors: holly ellyatt, reuters pavel rebrov
Keywords: news, cnbc, companies, sea, violated, russia, nations, seizures, international, vessels, ukrainian, reaction, ukraine, waterscnbc, unequivocal, world, western, ship


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Ukraine accuses Russia of firing on some of its ships in an incident on the Black Sea

Earlier Sunday, Russia and Ukraine traded accusations over another incident involving the same three vessels, prompting Moscow to block passage through the Kerch Strait. The Ukrainian vessels apparently wanted to travel through the strait to other ports in Ukraine, and Ukrainian authorities said they had given advance notice to the Russians. “Russian coast guard vessels … carried out openly aggressive actions against Ukrainian navy ships,” the Ukrainian navy statement said. It said a Russian c


Earlier Sunday, Russia and Ukraine traded accusations over another incident involving the same three vessels, prompting Moscow to block passage through the Kerch Strait. The Ukrainian vessels apparently wanted to travel through the strait to other ports in Ukraine, and Ukrainian authorities said they had given advance notice to the Russians. “Russian coast guard vessels … carried out openly aggressive actions against Ukrainian navy ships,” the Ukrainian navy statement said. It said a Russian c
Ukraine accuses Russia of firing on some of its ships in an incident on the Black Sea Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-25  Authors: reuters pavel rebrov
Keywords: news, cnbc, companies, guard, ships, ukrainian, firing, black, sea, navy, accuses, kerch, coast, ukraine, russian, russia, vessels, incident


Ukraine accuses Russia of firing on some of its ships in an incident on the Black Sea

The Ukrainian navy said Sunday that Russia’s coast guard opened fire on Ukrainian vessels in the Black Sea following a tense standoff off the coast of the Crimean Peninsula, wounding two crew members.

Russia didn’t immediately comment on the claims. Ukraine’s navy said that two of its vessels were struck and that Russian coast guard crews boarded them and a tugboat and seized them.

There have been growing tensions between Ukraine and Russia, which annexed Crimea from Ukraine in 2014 and has steadily worked to increase its zone of control around the peninsula.

Earlier Sunday, Russia and Ukraine traded accusations over another incident involving the same three vessels, prompting Moscow to block passage through the Kerch Strait.

The Ukrainian vessels apparently wanted to travel through the strait to other ports in Ukraine, and Ukrainian authorities said they had given advance notice to the Russians.

The tensions began Sunday morning. Russia’s coast guard said that the three Ukrainian vessels made an unauthorized crossing through Russian territorial waters, while Ukraine alleged that one of its boats was rammed by a Russian coast guard vessel.

The Kerch Strait is a narrow body of water nestled between Crimea and the Russian mainland.

The incident began after the Ukrainian navy claimed a Russian coast guard vessel rammed one of its tugboats, which was traveling with two Ukrainian navy artillery boats from Odessa on the Black Sea to Mariupol in the Sea of Azov, via the Kerch Strait.

“Russian coast guard vessels … carried out openly aggressive actions against Ukrainian navy ships,” the Ukrainian navy statement said. It said a Russian coast guard ship damaged the tugboat’s engine, hull, side railing and a lifeboat.

The statement added that Russia had been informed in advance about the planned journey.

Russia then blocked off the strait.

The Kerch Strait is the only passage into the Sea of Azov beyond it. The strait is crossed by the recently completed Kerch Bridge, connecting Crimea to Russia. Transit under the bridge has been blocked by a tanker ship, and dozens of cargo ships awaiting passage are stuck.

Russia has not given any indication of how long it will keep the strait blocked off, but a long-term closure to civilian traffic would amount to an economic blockade of Ukrainian cities on the Azov coast. And Russia’s Black Sea Fleet greatly outmatches the Ukrainian navy.

Ukrainian cities on the Sea of Azov include strategically vital centers such as Mariupol — the closest government-controlled city to Donetsk and Luhansk, the breakaway regions of eastern Ukraine controlled by Russia-backed separatists.

Russia’s Federal Security Service, known as the FSB, told Russian news agencies Sunday after the first incident that the Ukrainian ships held their course and violated Russian territorial waters. The FSB accused the Ukrainian navy of staging a provocation against Russia.

“Their goal is clear,” an FSB statement said — “to create a conflict situation in the region.” The statement didn’t mention ramming a Ukrainian tugboat.

Though a 2003 treaty designates the Kerch Strait and Sea of Azov as shared territorial waters, Russia has been asserting greater control over the passage since 2015.

The Ukrainian Foreign Ministry said in an earlier statement that Russia’s actions were a violation of the U.N. Charter and international law, and pledged to “promptly inform our partners about Russia’s aggressive actions.”

“Such actions pose a threat to the security of all states in the Black Sea region,” the statement said, “and therefore require a clear response from the international community.”

Dmitry Kiselyov, a commentator on the state-controlled Rossiya channel, told viewers of his Sunday evening news program that Ukrainian President Petro Poroshenko — encouraged by the U.S. — is looking to pick a fight with Russia in the Black Sea.

The talk show host also said that the U.S. talked Poroshenko into staging a provocation against Russia as a means to disrupt the upcoming meeting between Presidents Vladimir Putin and Donald Trump at this week’s Group of 20 summit in Argentina.

“What is happening now at the (Kerch) bridge threatens to turn into a very unpleasant story,” Kiselyov warned.


Company: cnbc, Activity: cnbc, Date: 2018-11-25  Authors: reuters pavel rebrov
Keywords: news, cnbc, companies, guard, ships, ukrainian, firing, black, sea, navy, accuses, kerch, coast, ukraine, russian, russia, vessels, incident


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