- The warship-mounted electromagnetic railgun is expected to enter China’s arsenal by 2025, according to sources with direct knowledge of a U.S. intelligence report.
- Railguns have long appeared on Russian, Iranian and U.S. military wish lists as cost-effective weapons that give navies the might of a cannon with the range of a precision-guided missile.
- China’s railgun is capable of striking a target 124 miles away in under 90 seconds, according to the report. Source CNBC
(old article we missed) Spanish Prime Minister Pedro Sánchez was booed on Friday during his first October 12 military parade since he took office in June. When the convoy of official cars in which the politician was traveling made its way down the Castellana boulevard in central Madrid, thousands of people began to jeer and whistle at him. Source El Pais
Yesterday, the Hungarian central bank announced it recently boosted its gold reserves 10-fold. According to its website, the National Bank of Hungary (MNB) now owns 31.5 tons of gold, up from 3.1 tons. It was the first significant purchase of gold by Hungary since 1986. Shiff Gold
The US has said it intends to negotiate three separate trade agreements with Japan, the UK and the EU. It could take several months before the negotiations begin, it said. The move is part of US President Donald Trump’s efforts to reshape trade policies to support his “America First” agenda. Source: BBC
