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World Economy Apr 17, 2026

Roketsan Aims for Top‑10 Global Defense Export Spot with $3 bn Expansion as Turkey Capitalises on War‑Driven Demand

Turkey’s premier missile maker Roketsan is accelerating a $3 bn expansion to break into the world’s…
Modern combat has been reshaped by the Russia‑Ukraine war, the Gaza clashes, India‑Pakistan skirmishes and the recent US‑Israel strikes on Iran, driving an unprecedented global appetite for drones, missiles and sophisticated air‑defence systems. Turkey, a leading military power in the Middle East, is positioning itself as a key supplier in this booming market. At the heart of Turkey’s push is Roketsan, a firm founded in 1988 to equip the Turkish Armed Forces. Today the company exports to roughly 50 nations and is counted among the fastest‑growing defence enterprises worldwide. Bypassing Western embargoes has been a catalyst for this growth. After the United States imposed CAATSA sanctions in 2020 and removed Turkey from the F‑35 programme, Ankara was forced to develop an indigenous defence ecosystem. The result is a network of nearly 4,000 small and medium‑sized enterprises that now supplies over 90 % of the components used in Turkish weapons. Financially, the strategy is paying off. In 2025 Turkish defence exports reached $10 billion. Roketsan’s General Manager Murat Ikinci told Al Jazeera the firm sits at 71st place among global defence firms and is targeting a climb into the top 50, then top 20, and ultimately the top 10 by the end of the decade. To fuel this ambition, President Recep Tayyip Erdoğan inaugurated a suite of new facilities last week, including: Europe’s largest warhead production plant. A new R&D centre employing 1,000 engineers. The “Kirikkale” complex dedicated to rocket‑fuel research. Infrastructure for mass‑producing ballistic and cruise missiles. The construction represents a $1 billion outlay, with an additional $2 billion earmarked for scaling up production capacity. Roketsan’s R&D engine—the third‑largest in Turkey with 3,200 engineers—draws heavily on lessons from ongoing wars. The Ukraine conflict highlighted the effectiveness of cheap FPV and AI‑guided kamikaze drones, prompting Roketsan to field systems such as the ALKA and BURC air‑defences and the laser‑guided CIRIT missile. Recent US‑Israel operations against Iran have underscored the threat posed by low‑cost Iranian‑designed Shahed drones, now upgraded with Russian “Kometa‑B” anti‑jamming modules. These swarms have overwhelmed regional defences and even struck a British base in Cyprus in March 2026, while NATO intercepted three Iranian ballistic missiles that entered Turkish airspace. In response, Roketsan is advancing the “Tayfun” (Typhoon) missile family. The flagship Tayfun Block 4 is a hypersonic ballistic missile designed to pierce advanced air‑defence layers at extreme speeds. When pressed for specifics, Ikinci declined to disclose the exact range, noting only that it is “sufficient.” Strategically, Turkey is shifting away from Western dependence toward an “Eastern” partnership model. Roketsan now offers joint production and technology‑development agreements, establishing co‑located facilities and R&D centres across the Middle East, Far East and Europe. Qatar has been cited as a flagship example of this collaborative approach. Roketsan has identified five priority product lines to meet rising global demand: Long‑range ballistic and cruise missiles. Advanced air‑defence systems, including “Steel Dome”, Hisar‑A, Hisar‑O and Siper. Submarine‑launched cruise missiles leveraging the AKYA system. Smart micro‑munitions for armed drones. Long‑range air‑to‑air missiles, a capability highlighted by the recent India‑Pakistan clash. The timing is critical. Ongoing conflicts have depleted the stockpiles of high‑end air‑defence assets worldwide. During the US‑Israel‑Iran confrontation, the United States relied heavily on Patriot and THAAD systems, raising concerns that interceptor inventories could run low. Gulf states, which have logged over 1,000 drone sightings in their airspace, are actively seeking alternative solutions—an opening that Turkey’s self‑sufficient supply chain is poised to fill. Analysts warn that even major powers like the United States will need years to rebuild their air‑defence inventories due to the complexity of production. Turkey’s claim of near‑complete domestic manufacturing positions it as a ready supplier for nations eager to diversify away from traditional Western sources. As demand for missiles and drones surges, Roketsan is reinvesting its revenues into expanding production infrastructure, aiming to cement its place among the world’s elite defence exporters.
#defence #turkiye #roketsan
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Sports Apr 16, 2026

FIFA President Infantino Confirms Iran's Participation in World Cup Amidst US Tensions

FIFA President Gianni Infantino has reaffirmed Iran's participation in the upcoming World Cup, desp…
FIFA President Gianni Infantino has expressed confidence that Iran will participate in the World Cup, despite the country's sports minister stating that it cannot participate due to the ongoing conflict with the US and Israel. Infantino told CNBC that Iran 'has to come' to the tournament, emphasizing that the team will travel to the US 'for sure.' This statement comes as the country is currently under a Pakistan-brokered two-week ceasefire with the US and Israel. The Iranian team has qualified for the World Cup and wants to participate, Infantino said, adding that he recently visited the team at its training camp in Antalya, Turkey. He stressed that 'sports should be outside of politics' and that FIFA aims to keep the two separate. Iran's sports minister had requested a relocation of their team's games from the US to Mexico, citing safety concerns. However, FIFA has ruled out a relocation, citing logistical impediments and promising safety for the Iranian players and staff. Iran is scheduled to play all three of its group stage games on the US West Coast, with matches against New Zealand, Belgium, and Egypt. If they advance to the knockouts, the rest of their games would also be held in the US. Infantino, who has a close relationship with US President Trump, expressed hope that the situation will be peaceful by the time the tournament begins. He emphasized that Iran's participation is crucial, as they represent their people and have qualified for the tournament.
#fifa #iran #sports
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World Economy Apr 16, 2026

California AG Accuses Amazon of Price‑Fixing in Newly Unsealed Records

California's attorney general alleges Amazon engaged in price‑fixing, citing newly unsealed court d…
California's attorney general has filed a lawsuit accusing Amazon of orchestrating price‑fixing schemes, based on newly unsealed court records released this week. The filing alleges the e‑commerce giant colluded with vendors to artificially set product prices, violating state antitrust statutes and potentially harming consumers.The unsealed documents, obtained through a freedom‑of‑information request, detail internal communications suggesting Amazon pressured sellers to maintain uniform pricing across its platform. Prosecutors argue this practice restricts competition and inflates costs for shoppers in the Golden State.While the case is still in its early stages, legal experts warn that a ruling against Amazon could set a precedent for broader antitrust scrutiny of online marketplaces nationwide. The lawsuit also underscores growing regulatory focus on big‑tech firms' market power.Amazon has declined to comment on the allegations pending further proceedings. The outcome may influence future policy debates on how digital platforms should be regulated to ensure fair pricing and competition.
#woff #url #assets
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Politics Apr 16, 2026

Israel Escalates Attacks on Medics in Lebanon with Deadly 'Quadruple Tap'

Israel has carried out a series of deadly attacks on medical workers in Lebanon, including a 'quadr…
Israel has escalated its attacks on medical workers in Lebanon, with a recent 'quadruple tap' killing four medics and wounding six others. The attacks, which have been condemned by the Lebanese health ministry and the World Health Organization, have left healthcare workers in Lebanon feeling vulnerable and under attack.The 'quadruple tap' occurred when Israeli forces targeted an initial airstrike site, then hit the ambulances and medical workers who responded to the scene, and finally struck again twice more. This tactic has been criticized as a blatant violation of international humanitarian law, which protects medical workers and facilities.The Lebanese health ministry has accused Israel of deliberately targeting ambulance crews, stating that 'paramedics have become direct targets, pursued relentlessly in a blatant violation that confirms a total disregard for all norms and principles established by international humanitarian law.'The attacks have resulted in the deaths of 91 healthcare workers and the wounding of 214 others in Lebanon since the Israel-Hezbollah war started on March 2. The World Health Organization has called for the immediate protection of healthcare facilities, health workers, ambulances, and patients.The Israeli military has not provided justification for its repeated attacks on medical infrastructure and workers, apart from accusing Hezbollah of using ambulances and hospitals to transport fighters and weapons, without providing evidence for the claim.
#Israel #Lebanon #World Health Organization
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World Economy Apr 16, 2026

UK’s £600 million Bics plan deemed insufficient to revive industrial competitiveness

The British industrial competitiveness scheme (Bics) promises up to a 25% electricity‑bill cut for …
The government touts the British industrial competitiveness scheme (Bics) as "bold action" to sharpen the United Kingdom’s industrial edge, offering up to a 25% reduction in electricity bills for firms operating in eight "modern" sectors of its industrial strategy. Union leader Gary Smith of the GMB immediately challenged the claim, warning that gas‑intensive industries such as ceramics and brickmaking have been "shamefully ignored" and left out of the support package. At a cost of roughly £600 million a year for 10,000 companies, the scheme is widely viewed as a modest drop in the ocean. While the rollout has been broadened from the originally announced 7,000 firms and now includes a back‑dated claim period starting in April 2025, the financial scale remains limited. Eligibility is deliberately intricate: firms must belong to a "frontier" or "foundational" industry and meet strict electrical‑intensity thresholds for specific product lines. Those that qualify receive relief from three policy charges on their electricity bills, including two green levies, amounting to up to £40 per megawatt‑hour. Two broader observations emerge. First, the programme marks the clearest governmental admission to date that the UK’s business energy costs – the highest among developed economies – are eroding competitiveness. The stated ambition is to bring electricity prices for the targeted sectors in line with European averages. Second, policymakers are beginning to untangle the web of levies that inflate bills. The carbon price support mechanism, a charge on generators passed through to consumers, is slated for abolition by April 2028, after it helped phase coal out of the grid. Nevertheless, the £600 million figure underscores a deeper debate about how to fund the energy transition and new grid infrastructure. Countries such as Germany absorb a larger share of policy costs through general taxation to keep industry competitive, whereas the UK has traditionally shifted those costs onto electricity bills. The Bics announcement signals a tentative shift toward rebalancing, but the scale remains modest. In an ideal, fiscally unconstrained scenario, a broader scheme could run into the billions and target a wider swath of industry. Treasury officials, however, remain skeptical that a larger outlay would generate sufficient long‑term growth and tax revenue to justify the expense, a view reportedly shared by Chancellor Rachel Reeves. Ultimately, Bics can be seen as an unsatisfactory stopgap. It acknowledges that soaring electricity prices are a structural problem but confines the remedy to a narrow slice of the economy, leaving the broader competitiveness challenge largely unaddressed.
#government #scheme #industrial
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Technology Apr 16, 2026

AI‑Generated Val Kilmer Leads First Hollywood Film to Use Authorized Digital Twin

A trailer unveiled at CinemaCon reveals that the upcoming western *As Deep As the Grave* features t…
For the first time in Hollywood history, an authorized generative‑AI version of a major star headlines a feature film. The western As Deep As the Grave showcases a digitally recreated Val Kilmer, whose voice was synthesized by UK‑based firm Sonantic using archival recordings. The project, delayed by Kilmer’s death in April 2025, received full cooperation from his estate and his daughter Mercedes, who helped craft the visual deep‑fake of the actor. Mercedes Kilmer confirmed that her father embraced emerging technologies as a storytelling tool, a sentiment the filmmakers say they honored throughout production. At Wednesday’s CinemaCon trade show in Las Vegas, the trailer revealed that Kilmer’s character, Father Fintan—a Catholic priest and Native American spiritualist—appears for roughly one hour of screen time. The footage shows the priest at different ages, including a spectral elder who advises a child, “Don’t fear the dead and don’t fear me.” Writer‑director Coerte Voorhees explained that the narrative was built around Kilmer’s heritage and his love of the Southwest. He added that the production adhered to SAG‑AFTRA guidelines and that the estate was financially compensated for the use of archival material. The film also stars Tom Felton, Abigail Breslin and Abigail Lawrie. In a March interview with Variety, Voorhees noted that Kilmer’s family repeatedly emphasized the project’s importance to the late actor. The Kilmer case follows a growing trend of AI‑generated performances. In 2022, Bruce Willis consented to a digital twin after a dementia diagnosis, while actors such as Matthew McConaughey and Michael Caine have licensed their voices to AI firms for approved uses. Estates of legends like Laurence Olivier, Judy Garland and James Dean have similarly partnered with the marketplace ElevenLabs. Beyond film, celebrities are exploring AI for digital meet‑and‑greets; Paris Hilton and Kendall Jenner have reportedly signed deals with Meta for AI‑powered appearances on Instagram, and users can even query an AI version of Deepak Chopra for advice on a range of topics. Nevertheless, some stars remain cautious. Morgan Freeman, Tom Hanks and Scarlett Johansson have publicly expressed skepticism about deep‑fake replicas of their likenesses.
#sonantic #cinemacon #elevenlabs
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Us News Apr 15, 2026

Gray Whales Dying at Alarming Rates in San Francisco Bay Due to Vessel Collisions

A recent study has found that gray whales in San Francisco Bay are dying at alarming rates, primari…
Gray whales have historically been a rare sight in the San Francisco Bay. They migrate over 10,000 miles from Mexico's Baja California to the Arctic region, seldom stopping in the busy shipping corridor for prolonged periods. However, in recent years, this has changed in a dire way.A new study published in the journal Frontiers in Marine Science has found that gray whales in the bay have been dying at alarming rates, largely due to collisions with vessels. Eastern North Pacific (ENP) gray whales began to appear more frequently in the well-trafficked maritime corridor around 2018.According to researchers, at least 18% of gray whales that entered the bay from 2018 to 2025 have died. They determined that for more than 40% of the whale carcasses, the cause of death was blunt force trauma consistent with vessel strikes, prompting calls for renewed efforts to help avoid more fatal collisions.“It was historically very unusual for them to enter the bay, especially for longer amounts of time or consistently year after year,” said Josie Slaathaug, lead author of the study. There are whale subgroups known to hunt for food south of the Arctic, but a majority of the recently spotted whales feeding in the bay were not a part of these foraging clusters.A wave of new whale presence had not been observed in the waters since the late 1990s. Researchers have theorized that Arctic warming is disrupting food availability for the whales, driving them to hunt in new places such as the bay, although it remains unclear what exactly they may be eating there.Their potential new feeding corner, though, is a major shipping route. The true mortality rate for whales in the bay may be higher, hovering somewhere from 40% to 50%, Slaathaug said.In recent years, there have been several reports of dead whales that wash up on Bay Area beaches. The ENP gray whale population has been in decline due to malnutrition and starvation from climate-driven prey shifts in the Arctic. The Southwest Fisheries Science Center estimated a population total of about 13,000 whales, its lowest count since 1970.“It’s not unique to their migratory corridor that a lot of whales are dying,” Slaathaug said. “What is unique about San Francisco Bay and this study was that there was such a clear emerging cause of death.”Some local efforts are under way to reduce vessel collisions. The Marine Mammal Center has developed a program called Whale Smart, to educate vessel operators in the San Francisco Bay on how to interpret whale behavior to avoid close encounters.In Alaska, where vessels also pose a threat to the whale population, one fleet company partnered with WhaleSpotter, a company that uses AI and thermal imaging to detect the presence of whales, so they can change course well in advance.Last year, the Center for Biological Diversity, a conservation group, sued the US Coast Guard, which regulates vessel traffic off the California coast, for failing to analyze how vessel routes may harm whales and sea turtles.“This most recent study about the gray whales reaffirms that we have way underestimated the problem and we are not managing human activities well enough to avoid the whales,” said Catherine Kilduff, senior attorney at the center.Federal action is needed to reduce the fatal collisions, Kilduff said. According to the Endangered Species Act, the coast guard should be consulting with the National Marine Fisheries Service when setting shipping lanes to assess impact to marine wildlife.Kilduff also suggested mandatory speed limits for vessels. “There are voluntary speed reductions on the west coast, but there is evidence that those aren’t effective. The compliance rate isn’t high enough,” she said.A 2022 study co-authored by the National Oceanic and Atmospheric Administration found that the average speeds of large vessels had decreased from 2010 to 2019 in voluntary speed reduction zones. But, researchers determined that the cooperation rate of roughly 50% was lower than the amount needed to reduce vessel strike-related mortality to a level that maintains a sustainable whale population.“These whales are using the oceans in such a sophisticated way. We can learn so much from them, and if we can figure out ways to avoid killing them, I know that they’ll come back to healthy population levels,” Kilduff said.
#whales #bay #whale
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World Economy Apr 15, 2026

IMF Outlook Darkens: Global Economy Teeters on Brink of Recession Amid Rising Energy Prices

The IMF's latest World Economic Outlook warns of a darkening global economy, with rising energy pri…
The International Monetary Fund (IMF) has released its latest World Economic Outlook, warning of a significantly darkened global economic outlook. The report cites the outbreak of war in the Middle East on February 28, 2026, as a major factor in the deteriorating outlook.The IMF's January report was titled “Steady amid Divergent Forces”; whereas the latest outlook is headlined “Global Economy in the Shadow of War”. The IMF now expects the global economy to slow compared to its previous forecast in January.The latest outlook notes that the global outlook has abruptly darkened following the outbreak of war. Far be it for the IMF to gloat, but its suggestion in January that “steady” was not a word to describe the global economy unless you were desperately trying to make the madness of Donald Trump seem normal has aged quite well.The IMF remains unwilling to name Donald Trump, while noting the lingering effects of the persistent rise in energy prices since Russia’s invasion of Ukraine. However, it only talks about the Middle East conflict as though it sprang out of nowhere.The IMF warns of three possible scenarios: a bad scenario where Trump, Israel and Iran come to an agreement; an adverse scenario where things carry on for the rest of the year and oil stays around US$100 per barrel; and a severe scenario where nothing is resolved, oil prices reach $125 in 2027, gas prices increase by 200% over the same period, and food prices increase by 5% in 2026 and 10% in 2027.Even under the current bad scenario, the global economy is expected to slow compared to what the IMF forecast in January. But under the adverse and severe scenarios the global economy grows by just 2.0% this year and 2.2% next year.For context, over the past 40 years, the global economy has grown slower than 2.2% only three times – 1992 (global recession), 2009 (the GFC) and 2020 (Covid).The IMF has downgraded Australia’s growth by more than most. Even under the most optimistic scenario growth is 0.5% worse than was forecast last October – a bigger downgrade than all G7 nations.The IMF warns against governments doing popular things like energy caps or subsidies, designed to protect households and firms. It worries that such policies will increase inflation because we’ll all suddenly have so much more money to spend.Gas companies exporting LNG from Australia will be cheering on the war as it keeps gas prices – and their profits – ever higher. The senate is investigating changing the way gas is taxed. An ACTU proposal for a 25% tax on exports would raise roughly $17bn a year.
#imf #not #prices
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Technology Apr 15, 2026

Snap Inc Cites AI Advancements as Reason for Laying Off 1,000 Workers

Snap Inc, the parent company of Snapchat, is laying off 1,000 workers, or 16% of its employees, cit…
Snap Inc, the parent company of Snapchat, has announced plans to lay off 1,000 workers, or 16% of its employees, citing rapid advancements in artificial intelligence as the reason. The social media company informed staff of the decision in an internal memo on Wednesday.The layoffs are part of a wave of tech industry job cuts in the past year, with many firms, including Microsoft, Amazon, and Oracle, blaming AI for the reductions. Snap Inc's CEO, Evan Spiegel, claimed that the layoffs would help the company move towards profitability and suggested that AI could fill the gap left by human labor.In his memo to staff, Spiegel wrote: “While these changes are necessary to realize Snap’s long-term potential, we believe that rapid advancements in artificial intelligence enable our teams to reduce repetitive work, increase velocity, and better support our community, partners, and advertisers.”The company, which employed around 5,200 people as of December last year, had also posted 300 open roles that will no longer be filled. Snap's stock rose around 6% in early trading following the news of the layoffs.The move has sparked concerns about the impact of AI on the labor market, with some experts and workers accusing firms of “AI-washing” layoffs to posture for investors and the market. However, top AI firms such as OpenAI and Anthropic have launched a charm offensive to address AI's potentially harmful effects on the labor market.
#snap #layoffs #company
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