US offers $15M reward for team accused of smuggling drone tech to Iran

The State Department is offering a $15 million reward for information linked to four Chinese nationals it says have helped the Islamic Revolutionary Guard Corps (IRGC) procure U.S. military equipment and drone technology.
Liu Baoxia, Li Yongxin, Yung Yiu Wa and Zhong Yanlai are accused of facilitating the sale of U.S. goods to front companies based in China that would send the technology to Iran, according to a State Department release.
Iran would then transport products to the IRGC and its linked companies including Shiraz Electronics Industries and Rayan Roshd Afzar, which use U.S.-controlled technology to develop and manufacture unmanned aerial vehicles, arms and weapons systems, according to the State Department.
Manufactured products are then sold to governments and groups in allied countries such as Russia, Sudan and Yemen in violation of U.S. sanctions.
Officials are now urging individuals with information about the illegal sale of technology to report information through their anonymous Tor Browser to receive a monetary reward.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Yahoo

43 minutes ago

• Yahoo

Chief Rabbi: I'm witnessing first hand Iran's attempt to eliminate Jews

'We don't have a front row seat,' says the Chief Rabbi, when I suggest he is watching history unfold as he remains trapped in Israel, under Iranian fire. 'We are on the stage. Every single person in Israel right now is a target and that includes Palestinians, Arabs, people of all nationalities and religions. We are experiencing a direct attempt to wipe out the Jewish state.' Sir Ephraim Mirvis, who has been Chief Rabbi of the United Hebrew Congregations of the Commonwealth since 2013, should be in Britain, where he is the most prominent Jewish leader, heading the United Synagogue group of orthodox synagogues and representing the country's 270,000 Jews at state events. Sir Ephraim flew to Israel earlier this month for two 'simchas', or family celebrations, on a trip that was supposed to precede his participation in the Conference of European Rabbis in Munich this week. He was preparing for Shabbat on Friday morning when Israel announced it had bombed Iran's Natanz nuclear facility. With sunset fast approaching, news emerged of the deaths of three of Iran's military commanders: Hossein Salami, the commander-in-chief of the Islamic Revolutionary Guard Corps (IRGC), Mohammad Bagheri, the chief of staff of the armed forces, and Amir Ali Hajizadeh, the commander of the IRGC's Aerospace Forces. Like any orthodox Jew, the Chief Rabbi had switched off his mobile phone to observe the Sabbath, hours before a salvo of Iranian missiles lit up the sky above Tel Aviv – some breaching Israel's Iron Dome air defence system. Did he even realise what was going on? 'Yes we did. There is a radio station in Israel which respects the Shabbat laws, and it goes silent for the whole of the Jewish Sabbath. However, every time there was a need for people to know something, because it's a case of the saving of life, they would broadcast, and therefore we would be able to hear. 'However, we heard no reports as to the consequences of the attacks. Saturday was actually a very difficult day to endure.' Holed up with his wife Valerie and their family in Herzliya, a coastal town north of Tel Aviv, the Chief Rabbi could only anxiously wait until an hour after sunset on Saturday, when, in line with Jewish law, they could use electronic devices again and find out exactly what had happened. The couple have four sons and 17 grandchildren, some of whom live in Israel. Their daughter Liora died in 2011, aged 30, leaving behind her husband and two children. 'We needed to wait until 8.32pm – that time was etched into our minds, because that would be the time when we'd be able to hear what had transpired over the previous 25 hours.' With no indication when he can return to the UK, Mirvis is now effectively in lockdown and having to resort to Zoom meetings, like this remote interview. 'The comparison to Covid is quite a strong one,' he says, expressing disappointment that he has been separated from the community he leads in Britain. Isn't it much scarier than the pandemic, though, having to run for your life at all hours of the day and night? The softly spoken cleric calmly responds: 'Well, you see, this is not the first time that Israelis have been in such a situation. It's been going on for years and years continuously, prior to October 7. So taking cover in a shelter is a regular feature of life in Israel, and… I've needed to do this on quite a number of occasions when I've been a tourist here over the years. So there was hardly any element of surprise, only the question of what will be the extent of damage to human life and to infrastructure.' Describing the desperate dash to safety as soon as the sirens go off, the 68-year-old adds: 'Iran is purposefully using missiles which take 12 minutes, and therefore there isn't a lot of time. You basically have four minutes [after Israel's sirens ring out] so there's a scramble. All modern houses are fitted with a safe room but many people living in older houses don't have such a room in their home and therefore need to go to a public shelter nearby. That has been exceptionally challenging, and very often, they don't reach that public shelter in time. That has resulted in some of the casualties in Israel over recent days.' The Chief Rabbi has been able to make use of a safe room in the home in which he is staying. 'You come into the safe room, you close the door, and then you wait for a message to say all clear. And that can take anything from 20 minutes to an hour. That's basically the rhythm of life. And it can happen at any time of the day, 24/7, and it is highly disruptive for people of all ages, particularly children who don't really know what's going on. This is a time of deep anxiety.' The Chief Rabbi says that his experience has renewed his focus on the ordeal of the 53 hostages who remain in captivity in Gaza. 'It's now 622 days they've been kept in the most horrific of conditions. Now we're concentrating on Israel and Iran, we shouldn't for one moment forget their plight. That's been foremost in my mind. The inconvenience that we're facing is minimal compared to the suffering of many other people.' Does he include Palestinians in that – and Iranians currently taking shelter from the missiles raining down on Tehran? Pointing out that Israel's primary targets are 'military or people responsible for their nuclear program', Mirvis says: 'We are saddened by the loss of innocent civilian life in Iran, in the same way as we have been saddened about the loss of innocent civilian life in Gaza, because that has not been Israel's target. 'My heart goes out to the Iranian people, because they've been suffering for decades under the regime that rules them. I really hope that one of the consequences of this will be a decidedly better life for Iranians.' Jews, however, are 'awfully aware' that they are currently 'a target to be wiped out together with this entire state'. 'It's plain, it's straightforward. I'm mystified as to why so many other people out there aren't really getting the reality of what is transpiring and why it is necessary for Israel to do what she's doing. This is not a war of choice that Israel is engaged in. It's a war of necessity.' But is it hard to process the bloodshed, especially as a man of faith who has made it his mission in office to bring religious communities together? 'The reality of innocent human suffering is something which I'm finding very difficult, because any person who has a heart within themselves must reach out with a lot of pain in our hearts to the suffering of innocent people at this time, and that is why we in our Jewish community in the UK have mentioned the plight of innocent Palestinians continuously. We, the Jewish people, place peace at the centre of our lives. The word 'shalom', peace, is the most important word in all of our prayers, in all of our ceremonies is what we pray for, what we yearn for, what we work towards.' Born in Johannesburg, South Africa, in 1956, the son of rabbi Lionel Mirvis, the Chief Rabbi grew up in Benoni, a Hebrew named town on the East Rand in Gauteng. His father preached against the apartheid system, and visited political prisoners held on Robben Island, while his mother Freida was the principal of the Athlone teacher training college, which was then the country's sole college for training black pre-school teachers. I wonder, in light of his liberally-minded upbringing in South Africa, what he makes of accusations by critics such as Amnesty International that Israel is an 'apartheid' state that is now carrying out a 'genocide' in Gaza. 'Well, it is absolutely ridiculous and so wrong,' insists Mirvis. 'If genocide is going to be used within the current context, it's what Iran is planning. It's what Hamas started to do on Oct 7 2023; that is genuine genocide. 'As far as Israel is concerned, it amounts to a blood libel against the Jewish state. Having grown up in South Africa, I know what apartheid was about. I recall how there were ambulances for white people and ambulances for people of colour, and one ambulance wasn't allowed to pick up somebody else of a different colour, just really cruel.' Conversely, he argues, Israelis have always integrated well with Arabs, pointing out that his late daughter, Liora, who died after being diagnosed with colon cancer, was treated at Hadassah Hospital in Jerusalem by Professor Ahmed Eid, a Muslim. And what of the criticism that Israel's Right-wing prime minister Benjamin Netanyahu continues to act disproportionately? Describing Israel as a 'vibrant democracy', the Chief Rabbi points out that 'even the official opposition led by (Yair) Lapid, who has been so critical of Israel's government, has publicly announced his full support for Israel's government at this time, and that is because every Israeli knows the reality this is a war for survival.' He adds: 'Proportionality is an important consideration. As opposed to the impression that is often given about Israel being in breach of international humanitarian law, God forbid, and going for innocents, I've heard so much from so many people who have been in Gaza, and are active now in Iran, that in fact, the reality of what's happening is that Israel is fighting a war in a most ethical manner.' Mirvis says he has family members serving in the Israeli Defence Force (IDF). 'They are doing what is responsible as a citizen of Israel at a time when the state, its very existence, is being threatened.' Yet while the IDF may have command over the skies of Iran, Israel has been losing the propaganda war, particularly on social media. The problem has been particularly prevalent in the UK, where marches have featured support for Hamas and Hezbollah, protests against airstrikes on the Houthis, and, most recently, flag-waving pledges of solidarity with the Iranian regime. Credit: X/@PSCupdates Agreeing 'Iran is the head of a monstrous being, the tentacles of which are Hamas and Hezbollah and the Houthis and others', the Chief Rabbi warns that while Israel is the current target, Europe will be next. 'There is so much that Israel is doing which is not being fully appreciated,' he says, citing Israel's 1981 attack on the Osirak nuclear reactor in Iraq, and its 2007 destruction of a suspected Syrian nuclear reactor located in the Deir ez-Zor region as previous examples of its willingness to take one for the team. 'What Israel is doing is not just for Israel's sake, it's for all of our Western civilisation.' As for social media, he describes as 'masterful' Hamas's weaponisation of the 'genocide' smear. 'Israel has never been good at what Israelis call Hasbara, which is explaining herself. I think that many in Israel acknowledge that this has developed into a weakness, and more should have been invested in this, because it's not only important to do what you believe is right, but perception is also important.' Artificial Intelligence is also fuelling online anti-Semitism, he argues. 'Social media provides a platform for anti-Semites to say what they like and for people to read it. And people are far more ready to express their negativity on social media than they are their positivity, and therefore the most horrific statements are being issued, outlandish and totally false, and nobody is there to check up on it or to correct it.' And what of so-called 'useful idiots' in the public eye like Gary Lineker, who was finally forced to resign from the BBC last month after sharing an anti-Semitic Instagram post, and Dawn French, who apologised after posting a video on X appearing to mock the victims of the October 7 attacks? While reluctant to directly criticise either celebrity, he says: 'In our Jewish tradition, we tell a story of a man who came to a rabbi and he said, 'I feel so bad. I've been guilty of libel. I've been spreading falsehoods about people, please can you advise me, how can I repent?' And the rabbi said, 'OK, there is only one way for you to repent, and that is, go and take a box, put hundreds of feathers in it, stand on the top of a hill on a windy day and allow all the feathers to leave the box. After one hour, go and collect all the feathers, put them back into the box.' And the man said, 'but that's impossible.' And the rabbi said, 'that's my answer to you'. 'That's the impact of social media. Even when there is a correction or an apology, it hardly goes any way towards removing that initial impression from people's minds. Responsibility is called for. People, think before you press the 'click' button, because once out, you can't put it back in.' While characteristically positive about the fate of Israelis, who he says are 'filled with fortitude, exceptionally positive and also united,' the Chief Rabbi remains concerned about British Jews. Last month, a survey found that 81 per cent felt the need to conceal their Judaism in public, following a surge in anti-Semitic incidents since October 2023. Although there has not been a mass exodus to Israel since the October 7 attacks, several surveys have reflected an increase in the number of British Jews considering settling in Israel – known as 'making Aliyah' – despite the ongoing threat from Iran and its proxies. 'British Jews have found life since October 7 exceptionally difficult and sometimes even traumatic. The reality right now, is that if one issues a statement which is anti-Zionist, it's an attack on Jewish people and Judaism. It amounts to anti-Semitism. And when there is an unjustified attack, verbal attack, or whatever it is, on Israel at this time, then it very quickly can become effectively an attack on Jews, and Israel's vulnerability is the vulnerability of Jews globally. 'When governments adopt policies which are unjustifiably anti-Israel, then that contributes to a tone within our societies which strengthens the hands of anti-Semites and does not play out to the benefit of the Jewish communities in those countries.' The Jerusalem Post recently accused Sir Keir Starmer of hypocrisy after imposing sanctions on Israeli ministers Bezalel Smotrich and Itamar Ben-Gvir. But the Chief Rabbi is far too diplomatic to be drawn into a row with the Prime Minister, whose wife Victoria is Jewish. Following the attack on Iran, the Community Security Trust, which provides security to the Jewish community, bolstered measures at UK synagogues. 'We know there are Iranian agents in the UK right now,' says Mirvis. 'We know that an attack on a Jewish community in the North of England was foiled last year. We know that there was a planned attack on the Israeli Embassy in London just a month ago. We are concerned about the future for our children and our grandchildren. But this is a global phenomenon, the intensification of Jew hatred. The threat is real but is not just to Jews, it's to our entire society.' Keen to end on a hopeful note, the Chief Rabbi insists I point out that the altruism currently on display in Israel, as people share their safe rooms with their neighbours, extends to the people of Iran and Gaza too. 'I have spoken to numerous former hostages and the families of current hostages and they all say the same thing, 'we only want the best for our Arab neighbours'. That is what people here hold in their hearts. 'May God bless us all that further to these very significant days of biblical proportions may we achieve and enjoy the peace that we pray for and long for all the time. It's not going to happen today or tomorrow, but I genuinely believe that a consequence of the current conflict will be a better world.' Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.

CNBC

an hour ago

• CNBC

China's property sector has been in an extended slump. Shrinking population is making it worse

China's real estate sector has grappled with a deepening downturn for years. Now a shrinking population is casting another shadow over the stagnant property market. Goldman Sachs estimates that demand for new homes in Chinese urban cities will remain suppressed at under 5 million units per year in the coming years — one fourth of the peak of 20 million units in 2017. "Falling population and slowing urbanization suggest decreasing demographic demand for housing" in the coming years, Goldman Sachs economists said in a note Monday. The country's population is estimated to fall to below 1.39 billion by 2035 from 1.41 billion, according to World Bank's latest data, said Tianchen Xu, senior economist at Economist Intelligence Unit, citing a combination of fewer newborns and more deaths from an ageing population. Shrinking population will cripple home demand by 0.5 million units every year in the 2020s and a lead to a bigger dent of 1.4 million units annually in the 2030s, Goldman Sachs estimates, compared to the positive contribution of 1.5 million units in the 2010s when population was on a steady rise. Fertility rate in the country has continued to fall even after Beijing relaxed its one-child policy in 2016, and despite Beijing's efforts to incentivize child-bearing via cash incentives. Stagnant incomes, instability over job prospects and a poor social security system have dissuaded Chinese young people from having more babies. Beijing's pronatalist policies will likely have "limited effect" as they do not address the deep-rooted issues, Xu said, such as high economic costs for child-bearing and people's tendency to postpone marriage for career progression and "an embrace of individuality." Underscoring the declining birth rates, nearly 36,000 kindergartens across the country closed down over the past two years, with the number of students in preschools falling by over 10 million. That's according to CNBC's calculation of the official data released the Ministry of Education. Similarly, the number of elementary schools dropped by nearly 13,000 between 2022 and 2024. That is rippling through school-adjacent housing markets that once saw inflated prices on the back of strong demand for better public schools. The once-sizable premium was fueled by access to elite schools and expectations of rising property values. But with a shrinking population and local governments scaling back district-based enrollment policies, the added value of these homes has started diminishing, according to William Wu, China property analyst at Daiwa Capital Markets. A mother of a 7-year-old boy in Beijing told CNBC that the price of her apartment had fallen by about 20% from over two years ago when she bought it. It cost her roughly twice the average price for an apartment in the city, so that her son could attend a good elementary school. The number of children entering primary school in 2023 reached the highest level in over two decades, according to Wind Information, before dropping in 2024, the year her son enrolled. That demographic shift is an additional overhang to the property market, which has struggled to emerge from a painful downturn since late 2020. Despite a raft of central and local government measures since last September, the real estate slump has shown little sign of abating. New home prices fell at their fastest pace in seven months in May, according to Larry Hu, chief China economist at Macquarie, extending a two-year stagnation, despite the government efforts aimed at arresting the decline. New home sales in 30 major cities fell by 11% year on year in the first half of this month, worsening from the 3% drop in May, Hu said. "Holders of investment properties are likely to be net sellers (to owner-occupiers) for the foreseeable future," over expectations that home prices will continue to fall, Goldman Sachs estimates. While Goldman expects the rise in China's urbanization rate to temper in the coming years, hurting urban housing demand, Wu said demographic drag on the property market was not yet "imminent" and may take decades to play out. In the nearer term, "some of this decline will be offset by continued urbanization, and housing upgrade demand," Wu said, as the latter would account for an increasing share of China's total housing demand.

Business Insider

4 hours ago

• Business Insider

Stock Market News Review: SPY, QQQ Slip as Recession Signal Flashes, Fed Officials Split on Rate Cuts

Both the S&P 500 (SPX) and Nasdaq 100 (NDX) closed the Friday trading session in the red as geopolitical and economic uncertainty continue to persist. Confident Investing Starts Here: The market received a morning boost after President Trump announced on the Juneteenth holiday that the U.S. would hold off from striking Iran's nuclear facilities for two weeks to allow a window for negotiations. However, those gains were quickly erased after The Conference Board's Leading Economic Index (LEI) flashed a recession signal. The LEI has fallen by 2.7% for the six months ended May, with its annualized six-month growth rate dropping below -4.1%, one of the two requirements that trigger a recession warning. The other requirement occurs when the six-month diffusion index reaches or drops below 50, which signals that most of the components within the LEI are falling. The components include manufacturing, labor market, sentiment, and credit statistics, among others. The recession indicator isn't perfect, although it did precede the recessions of 2000 and 2008 while issuing false signals in 2022, 2023, and 2024. Meanwhile, chip and AI stocks took a hit after a Wall Street Journal report that the U.S. Department of Commerce (DOC) is planning on restricting Samsung, SK Hynix, and Taiwan Semiconductor's (TSM) access to American chip-making technology in their Chinese factories. The three companies currently enjoy a blanket waiver on moving U.S. chip-making equipment to their Chinese facilities, although DOC export controls head Jeffrey Kessler has informed them that the waivers could be cancelled. The policy hasn't been set in stone yet, however. In interest rate news, Fed officials are split on when to cut rates sooner or later. Fed Governor Christopher Waller supports a rate drop as soon as July while Richmond Fed President Thomas Barkin doesn't see a rush for lower rates while the labor market and consumer spending remain healthy. 'I don't think the data gives us any rush to cut… I am very conscious that we've not been at our inflation target for four years,' said Barkin in an interview with Reuters.