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USA Update

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Fears Israel will have to LET terror missiles through air defences amid shortage of interceptors including $2m Arrow 3s

ISRAEL faces a shortage of rocket and missile interceptors vital for its Iron Dome air defence system – meaning terrorist weapons could pierce through.

After a year of war in Gaza and now heavy fighting in Lebanon, Israel’s store of crucial $2million Arrow 3 missiles has taken a heavy hit.

Israel’s Iron Dome air defense system intercepts missiles launched from the Gaza Strip in October 2023
Israel’s Iron Dome defence system obliterates enemy missiles mid-air
a city at night with a few buildings lit up
Reuters
Israel’s Iron Dome anti-missile system intercepts rockets after Iran fired a salvo of ballistic missiles on October 1[/caption]
a rocket is being launched with the number 5 on it
An Iron Dome launcher in action
What is the iron dome and how does Israel's aerial defence system ...

The specialist rockets are used to intercept ballistic missiles – fired by terror groups like Hezbollah in Lebanon – at significant distances from the Israeli border.

They form a key part of the $150million Iron Dome defence system which has kept Israel safe from countless onslaughts by air.

Now the country gears up to protect itself from attacks by Iran – potentially in partnership with its ferocious terror proxies.

Industry specialists, former military officials and analysts told The Financial Times that the shortage of interceptor missiles poses a serious threat.

There are concerns that Israel will have to choose which areas it defends if it doesn’t have enough missiles to cover the country.

The US is rushing to help patch up the gaps in Israel’s missile stores – announcing this week that it would be deploy a Terminal High-Altitude Area Defense (Thaad) antimissile battery.

If Iran responds to an Israel attack [with a massive air strike campaign], and Hezbollah joins in too, Israel air defences will be stretched

Dana StroulFormer senior US defence official

Dana Stroul, a former senior US defence official specialising in the Middle East, said “Israel’s munitions issue is serious.

“If Iran responds to an Israel attack [with a massive air strike campaign], and Hezbollah joins in too, Israel air defences will be stretched.”

But she warned: “The US can’t continue supplying Ukraine and Israel at the same pace. We are reaching a tipping point.”

Boaz Levy, chief executive of Israel Aerospace Industries, a state-owned firm which produces the Arrow interceptors, said staff are working round the clock.

He said: “Some of our lines are working 24 hours, seven days a week. Our goal is to meet all our obligations.”

While Israel has never fully revealed the size of its interceptor stockpiles, he added: “It is no secret that we need to replenish stocks.”

Israel is widely known for its impressive multi-layered air defence network – made up of the Iron Dome, David’s Sling and the Arrow 2 and 3 systems.

It is designed to intercept rockets that are travelling in the direction of urban areas and bring them down – making it the first system of its kind in the world.

Iron Dome batteries are spread across the country, comprised of three or four launches, each holding 20 interceptor missiles.

The system detects and tracks incoming rickets and fires at those expected to land on populated areas – destroying them with its own ‘Tamir’ missiles estimated to cost some $50,000 each.

David’s Sling can destroy longer-range rockets, cruise missiles and medium or long-range ballistic missiles from up to 300km.

Meanwhile the Arrow systems can defend against medium and long-range ballistic missiles when they are fired from up to 2,400km away.

America’s Thaad battery, designed to shoot down ballistic missiles, will work alongside Israel’s Arrow system.

In the last year Iron Dome has shot down the majority of enemy drones and missiles fired by Iran and its proxies in the Middle East.

Hamas in Gaza, Hezbollah in Lebanon, Houthi militants in Yemen and various Iraqi militias have fired short and long-range rockets, drones and ballistic missiles towards Israel.

Iran fired hundreds of ballistic and cruise missiles as well as drones at the country in April.

The Israeli military claimed that, with the help of the US and other allies and its air defences, it obliterated 99 per cent of them.

But it had less success in the latest Iranian missile attack – over 180 ballistic rockets – on October 1.

Over 30 hit Israel’s Nevatim air base, according to open source intelligence analysts, with one even exploding some 700 metres from Mossad HQ, Israel’s spy agency.

Over 20,000 rockets and missiles have been fired at Israel over the past year from Gaza and Lebanon alone, Israel claims.

Ehud Eilam, a former researcher inside Israel’s Ministry of Defence, said: “During the October 1 attack, there was a sense the IDF reserved some Arrow interceptors in case Iran fired its next salvo at Tel Aviv.

“It’s only a matter of time before Israel starts to run out of interceptors and has to prioritise how they are deployed.”

On Sunday, Hezbollah killed four Israeli soldiers at a military base in the centre of the country in a drone attack.

Assaf Orion, former Israeli general and Israel Defence Forces strategy boss, said: “We are not seeing Hezbollah’s full capability yet.

“It has only been firing at around a tenth of its estimated prewar launching capacity, a few hundred rockets a day instead of as many as 2,000.

“Some of that gap is a choice by Hezbollah not to go full out, and some of it is due to degradation by the IDF . . . But Hezbollah has enough left to mount a strong operation.

“Haifa and northern Israel are still on the receiving end of rocket and drone attacks almost every day.”

a military helicopter is flying through a clear blue sky
AP
An Israeli Apache helicopter fires a missile towards southern Lebanon[/caption]
Israeli soldiers evacuating the base after the drone strike near Binyamina
People evacuating a military base near Binyamina – after a Hezbollah drone strike killed four soldiers there
a group of men in military uniforms are standing together
AFP
Members of the Israeli army attend the funeral for one of the soldiers killed on Sunday[/caption]

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Inside tragedy of ‘India’s Titanic’ sunk by torpedoes sending $43m treasure to the depths…before loot secretly recovered

THE treasured cargo of a cruise liner dubbed ‘India’s Titanic’ was secretly recovered 75 years after it was sunk by a Japanese submarine.

On November 20, 1942, the SS Tilawa departed from Mumbai, India, to Durban, South Africa, with 958 people on board including 732 passengers and four gunners.

a black and white photo of a large ship in the water
Champion News
The SS Tilawa, a merchant steamer was sunk in 1942 by two Japanese torpedoes[/caption]
a black and white photo of a large ship in the water
Instagram/@tilawa1942
Over $40 million of silver was left onboard the ship which sunk over 4,500 meters into the depths of the Indian Ocean[/caption]
a machine is cutting a piece of metal in a dark room
Instagram/@tilawa1942
A picture from the wreckage site showing some of the silver bars found onboard the ship[/caption]

As well as people, the steam ship was packed full with 6,000 tonnes of cargo which included 60 tonnes of silver bullion.

However, the ship only had nine lifeboats and when it was struck by two torpedos from a Japanese Imperial Navy submarine in the early hours of November 23.

The SS Tilawa sank to the bottom of the Indian Ocean, 930 miles northeast of the Seychelles along with its cargo.

The tragedy took the lives of 280 people despite the heroic rescues of hundreds of people by HMS Birmingham and SS Carthage.

BURIED TREASURE

With the tragedy becoming lost in the web of devastation during the Second World War, it was not until 2014, that attention turned back to India’s Titanic.

That year, British salvage company Argentum Exploration Ltd. launched a deep ocean search mission to find the wreckage site and survey the area.

The ship was located around 4,500 meters down and 800 miles from land.

It was lying on its port side at an angle of around 45 degrees after landing on a rocky ledge, according to the Tilawa commemoration website.

Three years after surveying it, Argentum successfully salvaged 2,364 of the 2,391 silver bars that were onboard after the Bombay Mint sold them to the Union of South Africa for coinage.

The treasured cargo was found in the opium room of the ship after the mail and species room were found empty.

It was then transported to the UK where Argentum, owned by hedge fund leader Paul Marchall, declared it as their property under maritime law claiming payment for recovery from South Africa.

However, South Africa refuted these claims and the issue was escalated to the Supreme Court which ruled in May that the $43 million silver belonged to South Africa.

SURVIVOR ACCOUNTS

Meanwhile, the remaining two known survivors of the wreckage continue to think about that day.

On November 22, 2023, the so-called ‘Forgotten Tragedy’ was commemorated by the Tilawa1942 organisation with a survivor dinner.

Alvind Jani who was three years old at the time detailed his mother’s heroic efforts to save him from drowning when he spoke to BBC’s Witness History the year of the commemoration.

“She carried me and tied me up in a shawl at the back so she had free hands and then slowly from the rope she came down to the lifeboat,” he said.

“They were allowing about 15 to 20 people and in the boat, there were some biscuits and some water.”

Meanwhile, Tej Prakash Mangat who was nine years old at the time explained how she felt the water rising against her legs before her father managed to take her to the safety of a life raft.

“I heard my father calling my name and then I felt the water everywhere and he said ‘Give me your hand’ and he lifted me up and took me to the lifeboat,” she said.

Rather than stay in safety with his daughter, Mangat’s father went back to look for her brothers and promised to return soon.

This was when the second torpedo struck the SS Tilawa.

“I saw that people were screaming and crying and I looked up at the ship, I was waiting for my father,” Mangat explained.

“It was a full moon when we heard a big bang. It was a second torpedo. I saw the black smoke and the ship sank.”

While her father managed to swim to the lifeboat after clinging to the railings of the sinking cruise liner, her brothers perished.

A commemoration event marking the 82nd anniversary of the tragedy will be held in Durban on November 23.

Meanwhile, a memorial was held in Bombay in 2022 on the 80th anniversary.

a person is holding a large silver bar that says 999 on it
Instagram/@tilawa1942
One of the salvaged 2,364 silver bars (60 tonnes of silver bullion) from the SS Tilawa[/caption]
a black and white photo of people in a boat in the ocean
sstilawa.com
A lifeboat from SS Tilawa sinking due to overloading as passengers desperately try to get away from the sinking steamliner[/caption]
two men in suits and ties are posing for a picture .
Instagram/@tilawa1942
Tilawa survivor Arvindbhai Jani (left) standing with Emile Solankl the founder of commemoration organisation Tilawa1942[/caption]

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Walgreens CEO plans $1 billion ‘turnaround’ cost-cutting plan and 1,200 stores are set to close

WALGREENS has announced the mass closure of thousands of stores as the retailer’s CEO changes strategy.

Tim Wentworth, the CEO of Walgreens Boots Alliance, has revealed that the pharmacy chain would shut 1,200 stores over the next three years.

Linkedin
Walgreens CEO Tim Wentworth announced the retailer would shutter 1,200 stores[/caption]
AP
Wentworth added he would be putting a $1 billion cost-cutting program in place[/caption]

The company also narrowly beat Wall Street’s lowered estimates for fourth-quarter adjusted profit, and forecast fiscal-year earnings that were mostly in-line with expectations, Reuters reported.

Wentworth added he plans to fire a number of mid-level executives and put in place a $1billion cost-cutting program.

“At first blush, (the forecast) looks better than worst-case scenario,” Leerink Partners analyst Michael Cherny said.

News of the closures means that by 2027 one in seven Walgreens will have shuttered.

Around 500 of the stores scheduled for the chop will shutters over the next year, although their locations have not yet been revealed.  

“This turnaround will take time, but we are confident it will yield significant financial and consumer benefits over the long term,” Wentworth said in a statement. 

The closures were announced in June but the company had not disclosed the number of affected stores at that time. It had over 8,000 stores in the United States as of August 31 last year.

In the fourth quarter of its fiscal year 2024, Walgreens said it recorded impairment charges on the goodwill of home care provider CareCentrix and equity investment in China.

The U.S Sun has reached out to Walgreens for comment.

‘WORSE THAN EXPECTED’

The CEO’s comments come after the retailer’s stock plummeted by more than 14% in the company’s financial results for the third quarter in June.

Walgreens has been forced to alter its outlook for profits for the year amid a “challenging” time for the pharmaceutical industry and a “worse-than-expected U.S. consumer environment.”

“We continue to face a difficult operating environment, including persistent pressures on the U.S. consumer and the impact of recent marketplace dynamics which have eroded pharmacy margins,” the CEO said in the report.

“Our results and outlook reflect these headwinds.”

FAILED PLANS

In a bid to compete with CVS, Walgreens increased its focus on primary care for patients.

Walgreens announced in October 2021 that it would spend $5.2 billion on primary care provider VillageMD to “remodel itself as a healthcare provider.”

This turnaround will take time, but we are confident it will yield significant financial and consumer benefits over the long term

Tim WentworthCEO of Walgreens

Part of the plan included introducing doctors’ offices to the drugstores.

But in February, Walgreens abruptly shuttered all of its VillageMD clinics in Florida.

Wentworth revealed that Walgreens was minimizing its stake in VillageMD and would no longer be the majority owner.

“We recognize where we are is a turnaround,” Wentworth said in a press release earlier this year.

“We recognize that we need to be focused on what are the parts of the business that we believe are contributing and have a future, and some of those need to change.”

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