Latest news with #modernization
Al Arabiya
18 hours ago
- Business
- Al Arabiya
Putin says Russia plans to deepen military-technical ties with ‘friendly countries'
President Vladimir Putin said on Friday that Russia intends to develop military and technical cooperation with 'friendly countries' with whom Moscow wants to jointly produce arms and train military personnel. In a speech at Russia's showcase economic forum in St Petersburg, Putin said Moscow also planned to modernize its own armed forces and their bases by equipping them with the latest weapons and technology. 'We will harness new technology to improve the combat capabilities of the Russian armed forces, modernize military infrastructure facilities, (and) equip them with the latest technology and weapons and equipment,' he said. 'At the same time, we intend to develop military-technical co-operation with friendly countries. And we are talking not only about supplies or the modernization of equipment and weapons, but also about joint development, personnel training, and the creation of turn-key enterprises and production facilities,' he said. Talking about global trade, Putin said Russia planned to develop trade ties with its partners by removing barriers, opening up market niches and deepening investment cooperation.
Reuters
18 hours ago
- Business
- Reuters
Putin says Russia plans to deepen military-technical ties with 'friendly countries'
ST PETERSBURG, Russia, June 20 (Reuters) - President Vladimir Putin said on Friday that Russia intends to develop military and technical cooperation with "friendly countries" with whom Moscow wants to jointly produce arms and train military personnel. In a speech at Russia's showcase economic forum in St Petersburg, Putin said Moscow also planned to modernise its own armed forces and their bases by equipping them with the latest weapons and technology. "We will harness new technology to improve the combat capabilities of the Russian armed forces, modernise military infrastructure facilities, (and) equip them with the latest technology and weapons and equipment," he said. "At the same time, we intend to develop military-technical co-operation with friendly countries. And we are talking not only about supplies or the modernisation of equipment and weapons, but also about joint development, personnel training, and the creation of turn-key enterprises and production facilities," he said. Talking about global trade, Putin said Russia planned to develop trade ties with its partners by removing barriers, opening up market niches and deepening investment cooperation.
Yahoo
3 days ago
- Business
- Yahoo
90% of SMB leaders say they'll be paperless in five years despite poor data concerns
This story was originally published on To receive daily news and insights, subscribe to our free daily newsletter. Just like their larger competitors, small and mid-sized businesses are eager to modernize, but turning bold intentions around technology into execution is proving harder than expected. Even at these smaller organizations — often with leaner resources, different ownership structures and a more cautious approach to risk — demonstrating ROI on new systems remains one of the biggest challenges for CFOs. When looking at SMB modernization efforts, 90% of the 1,003 small and mid-sized business financial decision-makers surveyed by financial operations platform Bill believe their business will be completely paperless within five years. While optimism around technology adoption is high, most of those surveyed also said they lack the tools to monitor their finances in real time. Most respondents said they can't access current cash positions on demand. This disconnect between ambition and execution is something CFOs know all too well and has become a major competitive advantage for those who have managed to get it right. Despite widespread optimism about going paperless, many SMB leaders remain bogged down by manual processes and limited financial visibility, according to the data. Among those who believe a fully paperless operation is realistic, 33% expect to reach that goal by 2026. Here, headcount plays a role. Forty percent of the largest businesses in the survey, those with 201 to 1,000 employees, are most confident in their ability to go paperless by 2026. This embedded content is not available in your region. Data quality concerns are prevalent among SMBs, though they do not appear to be slowing modernization efforts. Nearly two-thirds of respondents said they cannot access current cash positions across their accounts. For a fifth (20%) of companies, access to real-time cash data can lag by days or weeks. 'The Bill report confirms one of the most critical priorities for CFOs and finance leaders — that is, better cash flow management,' said John Rettig, president and CFO of Bill. 'Finance leaders are recalibrating and navigating a dynamic economic environment, and the ability to see, control, accelerate and leverage cash flow is one of the most powerful strategic levers businesses have.' Some finance leaders argue data must come from a single source of truth, while others say that idea is unrealistic. Either way, inconsistent or incomplete data remains a common obstacle. Smaller businesses, possibly to compete with larger firms and retain talent, may be integrating technology into their core operations prematurely. The issues these businesses are facing mirror problems many CFOs know firsthand. Multiple bank relationships were the most common challenge cited, followed by current technology limitations (29%), system integration issues (27%) and overreliance on paper (26%). As the accounting talent shortage has shifted from a seasonal issue to a year-round risk, SMBs may be feeling the strain more than most. Seventy-seven percent of companies said they are concerned about rising accounting costs, and six in ten (60%) say they may need to bring more work in-house. That contrasts with larger firms, which are responding to similar challenges by outsourcing. Despite this, most SMBs still report strong and valuable relationships with their accountants. Data suggests that companies adopting automation and modern financial technology can close the talent gap by letting systems handle compliance while human professionals focus on strategic planning. For CFOs at companies of all sizes, choosing accounting partners with a strong technology foundation without being swayed on services by overzealous salespeople may reduce staffing risks while improving the quality of financial guidance. For finance leaders at SMBs, the ability to identify strong talent will be just as critical, but from a different labor perspective. As larger companies outsource more, skilled accounting talent who might once have joined a large company may be available to those who know where to look. Recommended Reading Only 9% of SMB finance teams are still working fully remote Sign in to access your portfolio
Russia Today
4 days ago
- Politics
- Russia Today
World on the brink of new arms race
The world risks plunging into a 'new dangerous arms race' as most nuclear powers seek to modernize and expand their arsenals, the Stockholm International Peace Research Institute (SIPRI) has warned in its annual review. The pace of disarmament is slowing as nuclear-armed states launch 'intensive' arsenal modernization programs, the research center said in a paper published on Monday. Russia and the US, which together possess around 90% of all nuclear weapons in the world, are set to see the last remaining bilateral nuclear arms control treaty – the New START – expire in February 2026, SIPRI noted. The agreement limits the number of simultaneously deployed strategic nuclear warheads. Moscow suspended its participation in the treaty in 2023, citing the impracticality of the inspection regime due to deep Western involvement in the Ukraine conflict. However, it maintained that it remained open to dialogue on the issue if the arsenals of Washington's NATO allies were also considered. Washington, meanwhile, insists on including China in any new agreement. According to SIPRI, China possesses the fastest-growing nuclear arsenal in the world and could rival 'either Russia or the USA' in its number of intercontinental ballistic missiles by the end of the decade. The UK and France are also modernizing their nuclear forces, focusing on nuclear-powered ballistic missile submarines, the report said. Paris additionally aims to develop a new ballistic missile warhead. 'The era of reductions in the number of nuclear weapons in the world, which had lasted since the end of the Cold War, is coming to an end,' said Hans M. Kristensen, Associate Senior Fellow with SIPRI's Weapons of Mass Destruction Program. 'We see a clear trend of growing nuclear arsenals, sharpened nuclear rhetoric, and the abandonment of arms control agreements.' The research institute also listed Israel among the nations 'believed to be modernizing its nuclear arsenal.' While West Jerusalem does not officially acknowledge possessing nuclear weapons, SIPRI pointed to tests of new missile propulsion systems and alleged upgrades at the plutonium production reactor site in Dimona. Israel could have up to 90 nuclear warheads at its disposal, the report stated. The findings come as West Jerusalem conducts air raids against Iranian nuclear and military facilities, claiming the Islamic Republic is nearing the creation of a nuclear bomb. Tehran, which maintains that its nuclear program is peaceful, was not mentioned in the SIPRI report.
Russia Today
4 days ago
- Politics
- Russia Today
World on the brink of new nuclear arms race
The world risks plunging into a 'new dangerous arms race' as most nuclear powers seek to modernize and expand their arsenals, the Stockholm International Peace Research Institute (SIPRI) has warned in its annual review. The pace of disarmament is slowing as nuclear-armed states launch 'intensive' arsenal modernization programs, the research center said in a paper published on Monday. Russia and the US, which together possess around 90% of all nuclear weapons in the world, are set to see the last remaining bilateral nuclear arms control treaty – the New START – expire in February 2026, SIPRI noted. The agreement limits the number of simultaneously deployed strategic nuclear warheads. Moscow suspended its participation in the treaty in 2023, citing the impracticality of the inspection regime due to deep Western involvement in the Ukraine conflict. However, it maintained that it remained open to dialogue on the issue if the arsenals of Washington's NATO allies were also considered. Washington, meanwhile, insists on including China in any new agreement. According to SIPRI, China possesses the fastest-growing nuclear arsenal in the world and could rival 'either Russia or the USA' in the number of intercontinental ballistic missiles by the end of the decade. The UK and France are also modernizing their nuclear forces, focusing on nuclear-powered ballistic missile submarines, the report said. Paris additionally aims to develop a new ballistic missile warhead. 'The era of reductions in the number of nuclear weapons in the world, which had lasted since the end of the Cold War, is coming to an end,' said Hans M. Kristensen, Associate Senior Fellow with SIPRI's Weapons of Mass Destruction Program. 'We see a clear trend of growing nuclear arsenals, sharpened nuclear rhetoric, and the abandonment of arms control agreements.' The research institute also listed Israel among the nations 'believed to be modernizing its nuclear arsenal.' While Israel does not officially acknowledge possessing nuclear weapons, SIPRI pointed to tests of new missile propulsion systems and alleged upgrades at the plutonium production reactor site in Dimona. West Jerusalem could have up to 90 nuclear warheads at its disposal, the report stated. The findings come as Israel conducts air raids against Iranian nuclear and military facilities, claiming Tehran is nearing the creation of a nuclear bomb. Iran, which maintains that its nuclear program is peaceful, was not mentioned in the SIPRI report.
