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Real-time News
Mayor of Kyiv: Air defense forces are countering enemy drones in the capital.On September 22, according to foreign media reports, MASNA Ventures, Saudi Arabias first venture capital fund focused on the defense sector, is seeking to increase its investment in the localization of defense technology production for the United States and its allies. The recent conflicts in the Gulf region have exposed the regions shortcomings in military capabilities, further accelerating this process. MASNA Ventures has applied to the Saudi Capital Markets Authority to increase its fund size cap from $100 million to $150 million. MASNA focuses on autonomous systems, including drones, unmanned surface vessels, and unmanned underwater vehicles. MASNA plans to launch three operating joint ventures and six capital investments by 2026.September 22 – A survey released Tuesday by the Confederation of British Industry (CBI) showed that UK factory orders rose to their highest level since July 2023. The CBIs monthly order balance rose to -9 in September from -25 in August, a cumulative increase of 36 points over the past two months, the largest two-month increase since records began 49 years ago. The report further indicates that the UK economy has recently demonstrated resilience, while manufacturing output has also achieved solid growth. CBI Senior Economist Cameron Martin said: "There are increasing signs that the operating environment for manufacturers is stabilizing." The surveys expectations for output in the coming months also improved, with the expected price index rising to 12 from 22 in August, the highest level since March this year.The UKs September CBI industrial price expectations balance was 12, compared to 22 in the previous month.The UKs CBI industrial orders balance for September was -9, compared to -25 previously.
