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U.S., South Korea scale back joint military drills after Trump order

Military vehicles line up at Camp Humphreys, the main U.S. base in Pyeongtaek, on Wednesday as the allies conduct the annual Ulchi Freedom Shield combined exercise. Seoul announced Wednesday the drills would be cut short following orders by U.S. President Donald Trump. Photo by Yonhap

SEOUL, Aug. 19 (UPI) — South Korea and the United States will significantly scale down their ongoing Ulchi Freedom Shield joint military exercise, Seoul’s Joint Chiefs of Staff said Wednesday, cutting it short by almost a week following an order by U.S. President Donald Trump.

“South Korea and the United States have agreed to make partial adjustments to the exercise period and scale at the suggestion of the U.S. side,” the JCS said in a statement.

“First, it was decided to adjust the duration of this UFS exercise to run from the 17th to the 21st,” the statement said. “Second, it was decided to conduct the combined field maneuver training on a reduced scale.”

The allies are discussing specific details of the field training reduction, the JCS added.

Ulchi Freedom Shield began Monday and was originally scheduled to run through Aug. 27.

The move comes after Trump called for the drills to be “substantially reduced” in a Truth Social post Sunday, saying they are expensive and “send a signal that is totally inappropriate and hostile” to North Korea.

South Korean Foreign Minister Cho Hyun said Wednesday morning that Seoul was not given advance notice of Trump’s directive.

“Neither our government nor officials within the U.S. government had any prior knowledge of what President Trump revealed on Truth Social,” Cho said at a parliamentary hearing. “Consequently, we were not notified beforehand.”

In his Sunday post, Trump said Pyongyang “has been unthreatening and respectful” while he has been in the White House.

Speaking to reporters in the Oval Office on Monday, Trump touted his personal relationship with North Korean leader Kim Jong Un, saying Kim had “always treated me with great respect.”

“I understand him. He understands me,” Trump said, adding that Kim had responded to his requests for talks but providing no further details.

The Wall Street Journal, citing U.S. officials, reported Tuesday that Trump is pushing aides to arrange a meeting with Kim as soon as this fall, although no official planning is underway. Trump has privately discussed holding talks during his next trip to Asia, which could come in November when world leaders gather for the Asia-Pacific Economic Cooperation summit in Shenzhen, China.

North Korea, meanwhile, has not publicly responded to Trump’s overture. In a commentary published earlier Wednesday, before Seoul announced the reduction, the state-run Korean Central News Agency criticized Ulchi Freedom Shield as “frantic exercises” pushing the Korean Peninsula to the “threshold of a war.”

The commentary threatened that Pyongyang would continue exercising its “right to self-defence” to counter what it called military threats from the allies.

North Korea frequently condemns U.S.-South Korean military drills as rehearsals for an invasion.

Trump similarly called for suspending or scaling back the exercises in his first term, when he pursued direct diplomacy with Kim that included summits in Singapore and Hanoi and a brief meeting at the DMZ.

After the 2018 Singapore summit, Trump surprised observers by announcing that the United States would halt what he called “provocative” joint military exercises with South Korea. That year’s Ulchi Freedom Guardian exercise was canceled, while several subsequent drills were reduced in scale.

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Job vacancies at five-year low as smaller firms scale back recruitment

The number of job vacancies has fallen to its lowest level in more than five years as smaller businesses cut back on recruitment, the latest official figures indicate.

Vacancy numbers dipped slightly over the May-to-July period to 707,000, according to the Office for National Statistics (ONS), which said small firms were citing labour and operating costs as reasons for scaling back hiring.

The ONS said the labour market was “little changed overall”, with the unemployment rate remaining at 4.9%.

Growth in regular earnings – which excludes bonuses – picked up slightly, rising at an annual pace of 3.5% in the three months to June.

“The UK labour market remains stuck in a low-churn limbo, with employers reluctant to hire, fire or offer bigger pay rises as they grapple with rising costs, intensifying global headwinds and heightened policy uncertainty,” said Suren Thiru, chief economist at the Institute of Chartered Accountants in England and Wales.

“The persistent slide in vacancies is a red flag for the jobs market, suggesting labour demand is shrinking amid soaring employment and energy costs, while greater automation is also squeezing some entry-level roles.”

Yael Selfin, chief economist at KPMG, noted that while pay growth picked up, this was “driven by a rise in public sector wages”.

Private sector pay growth, which she said gave more accurate picture of underlying conditions in the labour market, slowed to 2.8%.

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Why did Trump scale back war games with South Korea? | TV Shows

U.S. president cites good relationship with Kim Jong Un

Annual military manoeuvres between South Korea and the United States are underway.

But just hours before they were due to start, the US president announced that he had ordered the Pentagon to substantially scale back the exercises.

Donald Trump says they send an inappropriate and hostile signal to North Korea and its leader, with whom he has a ‘good relationship’.

The joint drills have been held for decades.

So, does Trump’s last-minute decision mean he’s seeking talks with Kim Jong Un?

Could dialogue end one of the world’s longest-running conflicts?

Presenter: Anna Burns-Francis

Guests:

In Bum Chun – Retired South Korean Lieutenant General and military and security analyst

Jenny Town – Senior Fellow and Director of 38 North programme at the Stimson Center

Rodger Baker — Geopolitical analyst at RANE, a global centre for geopolitical intelligence and analysis

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Trump to scale back U.S. joint military exercises with South Korea

Aug. 16 (UPI) — U.S. President Donald Trump said Sunday he ordered the Pentagon to scale back its joint military exercises with South Korea, saying that Seoul declined to help the denuclearization of Iran.

In a social media post, Trump said the drills scheduled to begin this week are expensive and “send a signal that is totally inappropriate and hostile” to North Korea. He said North Korea “has been unthreatening and respectful” white he has been in the White House.

“Therefore, and based on the fact that it is too late to cancel, I have instructed Secretary of War, Pete Hegseth, to substantially reduce the Joint Military Exercises!” Trump wrote.

The annual Ulchi Freedom Shield exercises, involving 18,000 South Korean troops over 11 days, were to strengthen readiness against threats from North Korea and began Monday to run through Aug. 27.

North Korea, which has long condemned the exercises as preparations for invasion, last week denounced the scheduled drills, describing them as a provocation that would raise tensions in the region.

South Korea has yet to response to Trump’s surprise and last-minute direction.

On Saturday, Trump posted a June 2019 photo of his meeting with North Korean leader Kim Jong Un at the Korean Demilitarized Zone. He wrote that he gets along “GREAT!” with Kim “despite the unfriendly look on this particular picture.”

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Moove Raises $250 Million at $2.1 Billion Valuation to Scale the Global Infrastructure Layer for Autonomous Mobility

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Led by Mubadala Investment Company “Mubadala”, and co-led by Woven Capital (Toyota) and Ion Pacific, the Series C accelerates Moove’s global infrastructure platform for autonomous mobility as the market shifts from breakthrough technology to scaled deployment.

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  • $250 million Series C values Moove at $2.1 billion, cementing its position as the category defining infrastructure company for the autonomous mobility economy
  • Moove is building the core operating layer for autonomous mobility globally through integrated fleet management, robotics-first depot infrastructure, and 24/7 operations
  • Through its partnership with Waymo, Moove is already a leading third-party autonomous vehicle fleet manager, with operations live or announced across Phoenix, Miami and London
  • Moove’s autonomous strategy is grounded in five years of building and operating mobility infrastructure at scale, from an initial launch of 76 vehicles in Lagos to approximately 42,000 vehicles across 29 cities (13 countries) and achieving an ARR of $420 million

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DUBAI, United Arab Emirates — Moove, the global mobility company building the operating layer for autonomous mobility, today announced it has raised $250 million at a $2.1 billion valuation in a Series C funding round led by Mubadala Investment Company and co-led by Woven Capital, Toyota’s Growth Fund, and Ion Pacific.

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The round also brings in BlueCrest Capital Management, Sona Asset Management and The Raptor Group, further strengthening the depth of Moove’s institutional backing, alongside the likes of BlackRock, MUFG, Franklin Templeton, Uber, Left Lane, Silverbacks Holdings, Square Associates, The Latest Ventures, and the Ontario Power Generation Pension Plan, supporting Moove’s next phase of growth.

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The funding will support the expansion of Moove’s autonomous vehicle business, including autonomous fleet ownership and robotics-first depot infrastructure “Nests”, where autonomous fleets are charged, serviced, maintained and orchestrated for continuous operation. The funds will also be used to support new market launches, globally. As part of this expansion, Moove expects to grow its autonomous vehicle workforce by more than 220% by the end of the year, increasing from ~150 employees today to ~500.

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Scaling autonomous mobility requires more than vehicle technology alone. It depends on access to capital, fleet ownership, charging infrastructure, maintenance, operational orchestration systems, and 24/7 city-level execution. Moove is building that infrastructure layer, enabling autonomous mobility to transition from breakthrough capability to large-scale transportation networks.

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Since 2020, Moove has built the capital, fleet and operations platform required to deploy and manage productive human driven ride-hail mobility assets at scale. Today, the company employs 3,300 people globally, and operates approximately 42,000 vehicles across 29 cities in 13 countries, making it one of the largest ride-hailing fleets in the world. It has expanded through a combination of organic growth and strategic acquisitions, including Kovi in Brazil and Tokyo Taxi in Japan, and has grown to $420 million ARR.

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Through its autonomous mobility business, Moove is extending the operating model it has built over the past five years for human driven mobility into next generation AV systems. Autonomous vehicles increase the need for reliable physical infrastructure and operational precision, and Moove is applying its experience across fleet orchestration, operations, servicing, charging, and logistics to meet that demand. Through its partnership with Waymo, Moove is already a leading third-party autonomous fleet operator, with operations live in Phoenix and Miami, and future operations in London.

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Autonomous mobility is expected to become a foundational layer of future urban ecosystems, influencing logistics, public transportation, commerce, and city infrastructure. Platforms capable of operating this infrastructure at scale are likely to play a central role in enabling next generation mobility networks.

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Ladi Delano, Co-Founder, Co-CEO and Advisory Board Chairman of Moove, said:

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“Every major technology revolution becomes an infrastructure race. The internet required data centres. AI required compute. Autonomy requires fleets, charging, maintenance, data systems and 24/7 operations in every city – and that is what Moove is building. In our view, as autonomy scales, infrastructure ownership and operations will define the category leaders. We are building to be one of them.

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We started in Lagos with a simple insight: mobility demand is abundant, but supply cannot scale unless capital, technology and operations move together. Five years later, that insight has evolved into a global platform. Today, we are focused on building the platform that will redefine mobility and enable billions of autonomous journeys worldwide.

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From our anchor in the UAE, and backed by long-term strategic capital, Moove now has the platform to help take autonomy from breakthrough technology to everyday transportation. This is not a departure from our mission, it is the fullest expression of it.”

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Ali Eid AlMheiri, Executive Director of Diversified Assets, UAE Investments Platform at Mubadala, said:

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“As autonomous mobility moves from innovation to scaled deployment, the infrastructure supporting it becomes increasingly important. Moove is building an integrated operating platform that combines fleet ownership, operational capability, and technology to support the next phase of growth in autonomous mobility. This is particularly important for the UAE. Mubadala is investing in enabling infrastructure and scalable platforms like Moove that support economic diversification and strengthen the UAE’s role as a hub for advanced technologies. Since Mubadala’s initial investment three years ago, Moove has been a great partner and we are glad to continue partnering with Moove in its next phase of growth.”

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Betty Lee, Principal at Woven Capital (Toyota’s Growth Fund), said:

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“Moove has demonstrated an exceptional ability to execute across markets, building a global platform across traditional and autonomous vehicle fleets. The next wave of mobility is an infrastructure problem as much as a software one, and Moove is building the foundational layer to solve it. Few companies at this stage have proven they can move with the speed and operational excellence that Moove has demonstrated across so many markets. We’re excited to be part of what they are building and help accelerate their path as they scale.”

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Casement Park: GAA set to scale back redevelopment plans

The ground has been lying derelict for more than a decade.

The redevelopment has faced many years of setbacks and delays, and questions have continued over funding for the project amid increasing construction costs.

In 2011 the Northern Ireland Executive originally set aside £62.5m for the stadium.

Earlier this year, a draft multi-year budget published by Finance Minister John O’Dowd proposed an inflationary increase to more than £100m.

But the Sinn Féin minister’s budget proposals had not been agreed by other ministers in the Executive.

The GAA has previously said a reported estimate of around £270m was closer to the assumptions it was working on.

Among other bumps in the road was the matter of Euro 2028.

The UK government announced in 2024 that the estimated cost of rebuilding Casement Park had risen to more than £400m, confirming that it would not be providing funding to redevelop the stadium in time for the tournament.

In order to be ready for the tournament, Casement Park needed to be rebuilt by the summer of 2027.

Trying to cater for soccer, as well as GAA, has increased costs further, as UEFA requires a higher specification of stadium to be used in its tournaments.

However, the GAA will be hoping that even though the government has said it will not be funding a Euro 2028-compliant stadium, it may still contribute to the redevelopment whenever it happens.

The Irish government has already pledged more than £40m.

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