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UK nuclear weapons spending not transparent enough, says watchdog

Public Accounts Committee also criticises lengthy delay to government’s defence investment plan

Financial Times 3d ago

Delays to defence investment plan have damaged UK’s credibility, say MPs

Committee calls for apology from government amid reports navy’s hunter-killer submarines are all dockedA parliamentary committee that scrutinises public spending has made scathing comments about the impact of delays in the publication of the government’s defence investment plan (Dip).The Dip, originally expected last autumn, has been repeatedly postponed amid warnings that the military faces a huge funding gap over the next four years. It is due to be published before a Nato summit early...

The Guardian Politics 3d ago

Delays to defence investment plan have damaged UK’s credibility, say MPs

Committee calls for apology from government amid reports navy’s hunter-killer submarines are all dockedA parliamentary committee that scrutinises public spending has made scathing comments about the impact of delays in the publication of the government’s defence investment plan (Dip).The Dip, originally expected last autumn, has been repeatedly postponed amid warnings that the military faces a huge funding gap over the next four years. It is due to be published before a Nato summit early...

The Guardian UK 3d ago

Delays to defence investment plan have damaged UK’s credibility, say MPs

Committee calls for apology from government amid reports navy’s hunter-killer submarines are all dockedA parliamentary committee that scrutinises public spending has made scathing comments about the impact of delays in the publication of the government’s defence investment plan (Dip).The Dip, originally expected last autumn, has been repeatedly postponed amid warnings that the military faces a huge funding gap over the next four years. It is due to be published before a Nato summit early...

The Guardian World 3d ago

Why BlackRock's Rick Rieder feels 'a bit more relaxed' about AI bull market than dotcom era

Rick Rieder oversees roughly $2.4 trillion in assets for BlackRock. He has been at the world's biggest money manager for close to two decades now, and he has seen a lot take place in the market. But, he says, nothing like this.

CNBC 8d ago

Heng Swee Keat named first chancellor of Singapore Institute of Technology

Heng Swee Keat named first chancellor of Singapore Institute of Technology Mr Heng will preside over key university ceremonies, including convocations, and represent the university at major institutional and external engagements. Former Deputy Prime Minister and Minister for Education Heng Swee Keat has been appointed the inaugural chancellor of the Singapore Institute of Technology (SIT), the university said on Wednesday (Jun 3). The appointment took effect on Monday and will last for a...

Channel News Asia 7d ago

Bill Gates testifies in closed-door US House meeting over Epstein ties

Bill Gates testifies in closed-door US House meeting over Epstein ties In prepared remarks, Gates told the House Oversight Committee that meeting Epstein was a ‘grave error in judgment’. Tech entrepreneur Bill Gates, the co-founder of Microsoft, has testified in a closed-door session with a panel in the United States House of Representatives about his connection to convicted sex offender Jeffrey Epstein. While Wednesday’s meeting was held in private, Gates shared his opening remarks online,...

Al Jazeera 2h ago

CNBC's The China Connection newsletter: China learns to build without Nvidia

Hi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection — a succinct snapshot of what I'm seeing and hearing from local businesses. China's tech self-sufficiency push is rapidly becoming a reality as companies focus on business questions that run deeper than geopolitics.

CNBC 8d ago

Khanna and China committee press Blanche for report on Chinese manufacturing in U.S.

House China select committee ranking member Ro Khanna led a bipartisan group of lawmakers pressing acting Attorney General Todd Blanche for an overdue report on illegal labor practices by Chinese companies in the U.S. auto industry. In a new letter sent to Blanche on Wednesday morning and shared exclusively with CNBC, the lawmakers demanded an update on the report, which Congress commissioned earlier this year. It comes after CNBC joined Khanna, D-Calif., on a visit to a leading auto glass...

CNBC 7d ago