Stock Markets
Texas Panhandle fire expands to 1 million acres, becoming state’s largest ever
© Reuters. FILE PHOTO: A drone view of the grasslands burning from the Smokehouse Creek Fire in Roberts County, Texas, U.S., February 28, 2024. REUTERS/Nathan Frandino/File Photo
2/5
By Nathan Frandino, Rich McKay and Brendan O’Brien
CANADIAN, Texas (Reuters) – Fire crews on Thursday fought to contain a deadly wildfire that has burned more than 1 million acres (404,686 hectares) of grasslands, timber and residential areas in Texas’ northern Panhandle region, making it the largest recorded fire in the state’s history.
The blaze, dubbed the Smokehouse Creek Fire, had doubled in size since Wednesday and was 3% contained on Thursday morning, according to the Texas A&M Forest Service. Firefighters used a brief lull in the strong winds that have swept the area to erect barriers and tackle hot spots of downed trees and thick grass.
On Thursday, Jason Wilhelm, 36, was using a frontloader to clear the lot in Canadian, a small town about 100 miles (161 km) northeast of Amarillo, where the house he shared with his wife and five children had stood a few days earlier. Charred grass and blackened trees were all that remained.
His wife was able to gather pictures, cash and some sentimental items from the home before the blaze roared through on Monday. “It was heartbreaking,” Wilhelm said.
Rain and snow falling in the area on Thursday offered a “shot of moisture” before the air dries out on Friday and high winds return over the weekend, said Steve Hannah, an Amarillo-based meteorologist with the National Weather Service. Gusts could reach 40 miles per hour by Sunday, he said.
The Smokehouse Creek Fire has now burned through an area larger than the state of Rhode Island.
The number of structures destroyed and people evacuated is still unclear, but dozens of homes have been reportedly leveled. The fire has so far killed one person, according to Texas A&M. The victim was described by local media as an 83-year-old woman in Hutchinson County, northeast of Amarillo.
Lee Haygood, 57, the owner of a ranch about 25 miles southeast of Canadian who managed to save all his cattle, was counting his blessings on Thursday but also wondering how he would feed them.
“We didn’t lose any cattle, but we lost 75% of our grassland,” he said. “It’ll take a full growing season to come back, not until maybe the fall.”
In contrast with ranchers north of Canadian, Haygood on Monday was given only a few hours warning about the approaching wildfire. He moved his herd of 200 Hereford bulls off the four square miles of grazing land and penned them into the single green wheat field he had left, hoping it would not ignite.
Fellow ranchers have already started sending semi-tractor trailers full of hay and meal to his ranch. “We are truly blessed,” he said.
Several smaller wildfires were burning in other parts of the Panhandle region. The next largest fire in the area, the Windy Deuce fire, has burned 142,000 acres and was 30% contained on Thursday, according to Texas A&M.
On Tuesday, the Windy Deuce had crept to within a few miles of the U.S. Energy Department’s Pantex plant, the nation’s primary nuclear weapons assembly facility, located near Amarillo, prompting officials to evacuate non-essential personnel and suspend operations.
But the leading edge of that blaze shifted to the north and west, away from Pantex, on Wednesday, allowing routine activities at the plant to resume.
“Operations at the Pantex Plant returned to normal Wednesday,” the facility said in an online notice. “There is no imminent wildfire threat to the plant at this time.”
Stock Markets
Palantir, Anduril join forces with tech groups to bid for Pentagon contracts, FT reports
(Reuters) – Data analytics firm Palantir Technologies (NASDAQ:) and defense tech company Anduril Industries are in talks with about a dozen competitors to form a consortium that will jointly bid for U.S. government work, the Financial Times reported on Sunday.
The consortium, which could announce agreements with other tech groups as early as January, is expected to include SpaceX, OpenAI, autonomous shipbuilder Saronic and artificial intelligence data group Scale AI, the newspaper said, citing several people with knowledge of the matter.
“We are working together to provide a new generation of defence contractors,” a person involved in developing the group told the newspaper.
The consortium will bring together the heft of some of Silicon Valley’s most valuable companies and will leverage their products to provide a more efficient way of supplying the U.S. government with cutting-edge defence and weapons capabilities, the newspaper added.
Palantir, Anduril, OpenAI, Scale AI and Saronic did not immediately respond to a Reuters request for comment. SpaceX could not be immediately reached for a comment.
Reuters reported earlier this month that President-elect Donald Trump’s planned U.S. government efficiency drive involving Elon Musk could lead to more joint projects between big defense contractors and smaller tech firms in areas such as artificial intelligence, drones and uncrewed submarines.
Musk, who was named as a co-leader of a government efficiency initiative in the incoming government, has indicated that Pentagon spending and priorities will be a target of the efficiency push, spreading anxiety at defense heavyweights such as Boeing (NYSE:) , Northrop Grumman (NYSE:) , Lockheed Martin (NYSE:) and General Dynamics (NYSE:) .
Musk and many small defense tech firms have been aligned in criticizing legacy defense programs like Lockheed Martin’s F-35 fighter jet while calling for mass production of cheaper AI-powered drones, missiles and submarines.
Such views have given major defense contractors more incentive to partner with emerging defense technology players in these areas.
Stock Markets
Weakened Iran could pursue nuclear weapon, White House’s Sullivan says
By Simon Lewis (JO:)
(Reuters) -The Biden administration is concerned that a weakened Iran could build a nuclear weapon, White House National Security Adviser Jake Sullivan said on Sunday, adding that he was briefing President-elect Donald Trump’s team on the risk.
Iran has suffered setbacks to its regional influence after Israel’s assaults on its allies, Palestinian Hamas and Lebanon’s Hezbollah, followed by the fall of Iran-aligned Syrian President Bashar al-Assad.
Israeli strikes on Iranian facilities, including missile factories and air defenses, have reduced Tehran’s conventional military capabilities, Sullivan told CNN.
“It’s no wonder there are voices (in Iran) saying, ‘Hey, maybe we need to go for a nuclear weapon right now … Maybe we have to revisit our nuclear doctrine’,” Sullivan said.
Iran says its nuclear program is peaceful, but it has expanded uranium enrichment since Trump, in his 2017-2021 presidential term, pulled out of a deal between Tehran and world powers that put restrictions on Iran’s nuclear activity in exchange for sanctions relief.
Sullivan said that there was a risk that Iran might abandon its promise not to build nuclear weapons.
“It’s a risk we are trying to be vigilant about now. It’s a risk that I’m personally briefing the incoming team on,” Sullivan said, adding that he had also consulted with U.S. ally Israel.
Trump, who takes office on Jan. 20, could return to his hardline Iran policy by stepping up sanctions on Iran’s oil industry.
Sullivan said Trump would have an opportunity to pursue diplomacy with Tehran, given Iran’s “weakened state.”
“Maybe he can come around this time, with the situation Iran finds itself in, and actually deliver a nuclear deal that curbs Iran’s nuclear ambitions for the long term,” he said.
Stock Markets
Ukraine says Russian general deliberately targeted Reuters staff in August missile strike
(Reuters) -Ukraine’s security service has named a Russian general it suspects of ordering a missile strike on a hotel in eastern Ukraine in August and said he acted “with the motive of deliberately killing employees of” Reuters.
The Security Service of Ukraine (SBU) said in a statement on Friday that Colonel General Alexei Kim, a deputy chief of Russia’s General Staff, approved the strike that killed Reuters safety adviser Ryan Evans and wounded two of the agency’s journalists on Aug. 24.
In a statement posted on Telegram messenger the SBU said it was notifying Kim in absentia that he was an official suspect in its investigation into the strike on the Sapphire Hotel in Kramatorsk, a step in Ukrainian criminal proceedings that can later lead to charges.
In a separate, 15-page notice of suspicion, in which the SBU set out findings from its investigation, the agency said that the decision to fire the missile was made “with the motive of deliberately killing employees of the international news agency Reuters who were engaged in journalistic activities in Ukraine”.
The document, which was published on the website of the General Prosecutor’s Office on Friday, said that Kim had received intelligence that Reuters staff were staying in Kramatorsk. It added that Kim would have been “fully aware that the individuals were civilians and not participating in the armed conflict”.
The Russian defence ministry did not respond to a request for comment on the SBU’s findings and has not replied to previous questions about the attack. The Kremlin also did not respond to a request for comment. Kim did not reply to messages sent by Reuters to his mobile telephone seeking comment about the SBU’s statement and whether the strike deliberately targeted Reuters staff.
The SBU did not provide evidence to support its claims, nor say why Russia targeted Reuters. In response to questions from the news agency, the security agency declined to provide further details, saying its criminal investigation was still under way and it was therefore not able to disclose such information.
Reuters has not independently confirmed any of the SBU’s claims.
Reuters said on Friday: “We note the news today from the Ukrainian security services regarding the missile attack on August 24, 2024, on the Sapphire Hotel in Kramatorsk, a civilian target more than 20 km from Russian-occupied territory.”
“The strike had devastating consequences, killing our safety adviser, Ryan Evans, and injuring members of our editorial team. We continue to seek more information about the attack. It is critically important for journalists to be able to report freely and safely,” the statement said.
Reuters declined to comment further on the allegation that its staff were deliberately targeted.
The SBU statement said Kim had been named a suspect under two articles of the Ukrainian criminal code: waging an aggressive war and violating the laws and customs of war.
“It was Kim who signed the directive and gave the combat order to fire on the hotel, where only civilians were staying,” it said.
Evans, a 38-year-old former British soldier who had worked as a safety adviser for Reuters since 2022, was killed instantly in the strike.
The SBU statement gave some details about how the strike had occurred, according to its investigation.
“To carry out the attack, the Russian colonel general involved one of his subordinate missile forces units,” the Ukrainian agency said, adding that the strike was carried out with an Iskander-M ballistic missile.
The SBU did not identify the specific unit.
Ivan Lyubysh-Kirdey, a videographer for the news agency who was in a room across the corridor, was seriously wounded. Kyiv-based text correspondent Dan Peleschuk was also injured.
The remaining three members of the Reuters team escaped with minor cuts and scratches.
- Forex2 years ago
Forex Today: the dollar is gaining strength amid gloomy sentiment at the start of the Fed’s week
- Forex2 years ago
How is the Australian dollar doing today?
- Forex2 years ago
Unbiased review of Pocket Option broker
- Forex2 years ago
Dollar to pound sterling exchange rate today: Pound plummeted to its lowest since 1985
- Cryptocurrency2 years ago
What happened in the crypto market – current events today
- World2 years ago
Why are modern video games an art form?
- Commodities2 years ago
Copper continues to fall in price on expectations of lower demand in China
- Forex2 years ago
The dollar is down again against major world currencies