The war in Ukraine has evolved into a conflict of microchips and mud, with Ukrainian soldiers in Donbas using Kalashnikovs to defend against daily swarms of Russian drones.

Ukraine’s air defense forces neutralized 105 out of 126 drones launched by Russian troops in an overnight attack that began on Sunday evening.

Two people were killed and three others were wounded in a nighttime attack by Russian strike drones in the Odesa region.

The European conflict has become a large war laboratory

Unauthorized drone activity near Da Nang International Airport disrupted 54 flights during the first and sixth days of the Lunar New Year, causing significant delays and forcing aircraft into holding patterns.

Calls to probe Andrew's links to Epstein and the fourth anniversary of the Ukraine war leads Sunday's papers.

President Volodymyr Zelensky has instructed air defense forces, the Ministry of Defense, and government agencies to strengthen protection against Russian drones in response to changes in Russia’s strike tactics.

Moscow's four international airports faced temporary closures on Sunday as air defence systems downed 11 Ukrainian drones approaching the capital. Mayor Sergey Sobyanin confirmed the interceptions, wh

‘Moscow continues to invest in strikes more than diplomacy,’ says Zelenskyy, as logistics and energy facilities targeted Russia has fired scores of missiles and drones at targets across Ukraine, flattening a residential house in the capital, just two days before the fourth anniversary of Vladimir Putin’s full-scale invasion. Volodymyr Zelenskyy said the Kremlin had launched 297 drones and nearly 50 missiles on Sunday, in the latest in a wave of overnight strikes. He said “a significant propor...

Four airports in Moscow imposed flight restrictions for security reasons as the Russian capital came under drone attack, with at least seven drones reportedly involved.

Russian troops attacked Mykolaiv with drones at night. Transport infrastructure was damaged.

Russian forces carried out a combined strike on critical infrastructure facilities across Ukraine on the night of 21-22 February. The Ukrainian Air Force recorded 345 aerial attack assets, including 3

As of 10:00 on Sunday, February 22, Ukrainian forces had neutralized 33 missiles and 274 drones of various types used by Russia against Ukraine since the evening of February 21.

President Volodymyr Zelenskyy has reported that nearly 300 Russian attack drones and 50 missiles targeted Kyiv and Kyiv Oblast, as well as Dnipropetrovsk, Kirovohrad, Mykolaiv, Odesa, Poltava and Sumy

Russia launched a barrage of missiles and drones at targets across Ukraine Sunday, striking energy and rail infrastructure as well as residential buildings just two days before the...

Russian forces launched a barrage of missiles and drones at Kyiv suburbs, resulting in one fatality.

Pakistan carried out strikes along its border with Afghanistan, claiming to target hideouts of Pakistani militants responsible for recent attacks inside Pakistan. The Afghan Red Crescent Society reported that more than a dozen people were killed in the strikes.

Russia attacked Ukraine with dozens of strike drones and ballistic and cruise ⁠missiles, focusing on energy infrastructure, the Ukrainian military and local officials have said.

KYIV, Ukraine (AP) — Ukrainian forces struck an industrial site deep inside Russia on Saturday, which Ukraine and unofficial Russian news channels say was a key state-owned missile factory. The attack in Russia’s Udmurt Republic left 11 people wounded, three of whom were hospitalized, according to a Telegram post by Sergei Bagin, the local health minister. “One of the republic’s facilities was attacked by drones” launched by Ukraine, regional head Alexander Brechalov said in another Telegram pos

A weekly photo recap covers news, sports, lifestyle, entertainment, and human interest images from the Philippines and around the world for the period of February 14-20, 2026.

"Hubris Generally Precedes Clusterf**k": Does It Smell Like Victory? Authored by James Howard Kunstler, The message seems to be something like the USA isn’t messing around with all those strike forces in the waters around Iran. The Islamic Republic suddenly looks like Rock-and-Hard-Place-Land. Everybody and his uncle are trying to figure out the calculus in play, World War Three or a happy ending? You’re seeing the most significant US military build-up over there in memory. Smells a little bit like first Gulf War, 1991 — minus all those allies we roped in then. Mr. Trump (via Marco Rubio) has read Euroland out on this one. We are in a cold war with those birds, in case you haven’t noticed. The UK, France, Germany & Co.? They are as crazy as the ladies of The View and their millions of Cluster-B followers. Euroland is yet in thrall to the climate nutters, the farm-and-industry-destroyers, the one-worlders, the Jihad-migrationists, the floundering banksters, and the Klaus Schwab wannabes. Euroland seeks to throttle free speech throughout Western Civ and meddle in everyone’s elections. Euroland keeps mouthing off about a war with Russia despite having no military mojo and going broke-ass broke faster than you can say Götterdämmerung. Bottom line: the US is going solo on this one. What is the objective? Ostensibly “a deal” over Iran’s nuclear weapons program. Like, just cut it out, will you, please? By the way, did you know that Supreme Leader Ayatollah Khamenei issued a fatwa in 2005 saying production, stockpiling, and use of nuclear weapons was forbidden under Islam. But then deception is allowed in Islam under the doctrine of taqiyya, against the threat of attack from hostile forces, I’m sure you remember Operation Midnight Hammer in June last year when we attacked and supposedly “obliterated” Iran’s nuclear research and development bunkers at Fordow, Natanz, and Isfahan? They got pretty banged-up, you may be sure, and nobody in Iran denied there was something nukey going on in those installations. Is there a will there to rebuild the whole darn infrastructure of uranium enrichment and so forth? The mullahs are not saying, which means: of course, they intend to continue developing nuclear weapons — and even if that’s a stupid and futile gambit, given recent history, they still have factories churning out plain old long-range ballistic missiles and new drones by the thousands. Let’s face it: the mullahs are hardcore for Jihad and martyrdom. Since being elevated to Supreme Leader in 1989, Ayatollah Khamenei has sought relentlessly to transform the traditional Islamic concept of Jihad and establish it as the central pillar of the regime’s ideology. Are we doing Israel’s bidding there? (Cue: roar of affirmation.) But then, Israel has a point. Iran has been cuckoo for going on forty years. If Israel wasn’t a target of the mullahs’ eternal Shia wrath, there are their other enemies, the Sunni, on the west side of the Persian Gulf (and next door in Iraq). And consider, too, Iran’s obdurate sponsorship of Jihad, wherever possible, both within and outside the Ummah — including especially Western Civ, where low-grade Jihad has been going on for over a decade. . . mass murders, rape gangs, beheadings, trucks through the Christmas markets. . . . Okay, if Euroland is out, what about the other big dogs, Russia and China. Will they just stand by and let the US have its wicked way with Iran? Russia sent a corvette-class naval vessel down to the Straits of Hormuz for a joint operation with Iran’s navy, but what does that mean? Probably not much more than occupational therapy. Besides, Mr. Trump is just now promising to bring Russia “out from the cold” of all those onerous economic sanctions. . . to begin the process of normalizing relations. You might doubt that Russia wants to blow that for Iran’s sake. And, while it is somewhat out of the news due to the Epstein stink-bomb, and the deepness of mid-winter, there is still a war going on over in Ukraine. Which is to say, the Russians have their hands full in their own back-yard and might, perhaps, be hesitant about piling-on in Iran. And, let’s just suppose that the US objective is actually regime change in Iran. Would Russia be indisposed if the mullahs got kicked out of power? I doubt it. Russia has longstanding annoying issues with Islamic factions distributed throughout their adjoining former Soviet republics. Russia does not need Jihad. Russia might actually live more comfortably with Iran under a secular government, tilting a bit more western in temperament. Just sayin’. . . . China has more urgent concerns with Iran. China gets around 13-percent of its oil imports from Iran, and it enjoys a three to four percent discount on it. Regime change or war that could damage Iran’s oil terminals would be bad news for China. But then, China is at a long geographic remove from Iran, and China is not used to conducting military adventures so far from home, so don’t expect much assistance there. China’s other option would be to start a kerfuffle over Taiwan to distract and divert the US. We’ll just have to see about that. Uncle Xi Jinping has been busy lately sacking the upper echelons of his own military leadership. Are they even ready for action? Plus, China’s economy is wobbly. Consider also: has the US given China assurances of continued oil imports from Iran if it steers clear of the situation there? What are we operationally capable of over in Iran with all our warships, fighter jets, and other stuff? I don’t know. . . and neither do you. Looks impressive, but a couple of Sunburn-type missiles landing on the USS Abraham Lincoln could produce a profound instant attitude adjustment. Perhaps President Trump, WarSec Hegseth, and StateSec Rubio have more refined plans for disarming Iran and surgically removing the cuckoo-birds in charge. Our guys are certainly acting confident. But then in geopolitics confidence is best friends with hubris. And hubris generally precedes clusterfuck. The art of the deal is not for sissies. Tyler Durden Fri, 02/20/2026 - 16:20

A new initiative between the Greek Ministry of Interior and Google aims to boost practical AI and digital work skills within the public sector starting in 2026.

The US is expanding its MQ-9 Reaper drone deployments across the Indo-Pacific, creating a robust surveillance and strike network. These long-endurance aircraft enhance intelligence gathering and precision strikes, with allies increasingly acquiring the platform to bolster regional interoperability and information sharing.

Russia is stepping up covert attacks across Europe — rail sabotage, drones, cyber strikes — testing NATO. Polish officials warn "disposable agents" are sowing fear and weaken support for Ukraine.

South Korea claims that civilians sent drones into North Korea four times, damaging bilateral ties.

Photos from the Defense Tech Expo Israel 2026 reveal a display of advanced military technology, including rifles, drones, and missile footage.

Elon Musk's company has submitted a bid to develop swarms of drones for the US military, indicating a move into defense technology.

A disagreement between the Pentagon and the FAA regarding the use of lasers to counter cartel drones reportedly led to an airspace closure, according to sources.

Reports indicate growing challenges for China due to an expanding network of American MQ-9 drones, alongside concerns over secret nuclear testing claims and a military AI race. These developments underscore escalating military and technological competition between the US and China.

Jamie Bell and Elle Fanning lead a starry cast in this clumsy satire that provides little fascination in a wealthy family’s suffocating lives Since Jesse Armstrong’s Succession and Emerald Fennell’s Saltburn, wealthy, spoilt, dysfunctional siblings are the new rock’n’roll, and now here is a film from Greek screenwriter Efthimis Filippou (co-author of Yorgos Lanthimos’s Alps and Dogtooth) and directed by Karim Aïnouz. It is a weird-wave contrivance concerning a messed-up US plutocrat clan living in Spain, freely remade from Marco Bellocchio’s 1965 film Fists in the Pocket. Their bizarre and cartoony secrets, involving sex abuse, manipulation and self-harm, are satirically symptomatic of capitalism and the patriarchy, and how the rich, however entrepreneurial and smart, create a next-gen class of useless drones, on whose behalf all this wealth has supposedly been accumulated. I have to admit to finding it heavy-handed and clumsy more often than not, although there are some good performances, notably from Jamie Bell and Elle Fanning. A strange extended family lives in a luxurious modernist house; the father (Tracy Letts) is a blind widower haunted by the memories of his late wife (Pamela Anderson) who was savaged by wolves in a nearby forest. His grownup children, infantilised by wealth, all live there: highly strung Robert (Lukas Gage) has epilepsy, and is entrusted with supervising his father’s horse riding; Anna (Riley Keough) is a talentless singer-songwriter; and Ed (Callum Turner) is a would-be fashionista. First among equals is Jack (Jamie Bell), who has the intimate honour of helping his father with his nightly teeth-cleaning; their mother’s teeth were always dazzlingly white. Continue reading...

A British Army battalion has embraced drone technology after working with Ukrainian troops, while EU countries are not yet ready to set a date for Ukraine's membership.

North Korea issued a threat of a "terrible response" if South Korean drones continue to cross its border, escalating cross-border tensions.

A drone attack targeted an oil pumping station near Almetyevsk in Russia's Tatarstan republic overnight, causing a fire and disruptions.

UAVs attacked an oil pumping station near Almetyevsk in the Republic of Tatarstan, Russia, on the night of February 23.

Drones are reshaping the frontline with Russia — and the future of warfare

KYIV: Russia fired scores of missiles and drones at targets across Ukraine on Sunday, crashing into energy and rail infrastructure and residential buildings, just two days before the fourth anniversary of Moscow’s all-out invasion. The capital Kyiv, regularly targeted by Russian missile and drone attacks since the start of the full-scale invasion, has faced waves of overnight strikes in recent weeks as Moscow has intensified assaults amid freezing winter temperatures. “Moscow continues to inv...

India is bolstering its defence capabilities by seeking advanced Israeli drones, missiles, and laser systems to create an "impregnable" shield against future Pakistani attacks. Discussions are expecte

Amidst the ongoing conflict, Ukraine has successfully built a robust domestic arms industry, with drone production at the forefront of its modernization efforts. Kyiv is now preparing to export its advanced military technology.

Italy, Germany, France, Poland, and the UK have launched the 'LEAP' initiative to develop advanced, low-cost air defense systems, including autonomous drones and missiles, with the first project expected by 2027.

Describing the facilities as “highly impressive,” the Minister said the company represents the future of Nigeria’s defence industrial base. The post Matawalle inspects Nigerian-made drones, others, hails Briech UAS appeared first on Vanguard News.

Founded in 2024 by Tihomir Nedev and Vasil Petrov, Fadron is developing next-generation drones with AI software, HALO AI, to detect and measure defects like cracks and unevenness on roads, runways, and large parking lots. The company is currently seeking investment.

Poland is developing an anti-drone system, SAN, which will use a combination of artillery, missile, and drone solutions from domestic and foreign defense industries to physically eliminate enemy drones.

Russian Shahed-type drones damaged energy infrastructure in Mykolaiv this morning.

Explosions rocked Kyiv and other areas of Ukraine as Russian forces launched massive missile and drone attacks, just two days before the fourth anniversary of the invasion.

Russia fired scores of missiles and drones at targets across Ukraine on Sunday, crashing into energy and rail infrastructure and residential buildings, just two days before the fourth anniversary of R

Russia unleashed a massive overnight missile and drone assault across Ukraine, claiming one life in the Kyiv region and damaging southern energy infrastructure. Ukrainian forces reported intercepting

Drones have become the defining weapon of the conflict, fundamentally reshaping how battles are fought. Defence analysts note that relatively cheap unmanned systems can now destroy extremely expensive targets such as tanks, ships and strategic bombers at a fraction of the cost. A recent Sunday Times defence analysis highlighted how Ukrainian drone strikes have destroyed high-value Russian military assets deep inside its territory, exposing vulnerabilities once thought impossible to exploit.

At least one person was killed and eight others, including a child, were injured in recent Russian drone and missile attacks across Ukraine, according to President Volodymyr Zelenskyy. Russia reportedly launched 300 drones and 50 missiles overnight.

Rishi Sunak: What Zelensky told me at Munich about the future of war  The Times

Guerrilla groups in Colombia are using inexpensive commercial drones, modified into deadly weapons, to outsmart the nation's billion-dollar military.

Allianz Field in St. Paul is once again hosting drone light shows, featuring elaborate aerial displays like a giant loon transforming into an MNUFC banner.

Ratel Robotics said it had adapted one of its ground robot models to carry and launch fiber-optic drones. Ratel Robotics A Ukrainian arms maker said one of its ground robots can now launch fiber-optic aerial drones. It said the robot can launch them closer to the front without putting operators at risk. "Everything is as safe as possible for all people performing this mission," the CEO told Business Insider. A Ukrainian arms company says it has modified one of its ground robots to carry and launch unjammable fiber-optic drones. Ukrainian forces can put the drones in the air closer to the front without exposing pilots. Ratel Robotics shared a video this week of its Ratel H model robot equipped with a protected box. In the clip, the launcher opens up and releases a small drone connected to a fiber-optic cable. The uncrewed ground vehicle functions as a mobile launch point. CEO Taras Ostapchuk told Business Insider the "ground robot becomes like a base station" for the up to four drones that it can carry. Those bases are typically human-operated launch points, where pilots need to be closer to danger to put the drone in the air. Ostapchuk said that the ground robot can drop off operators at a safe location and then continue toward the front to launch the drones. The operators remotely controlling it and the fiber-optic drones can hang back "in the safest place possible." The aim is that "everything is as safe as possible for all people performing this mission," the CEO said. Fiber-optic drones, which receive signals by a thin cable rather than radio links, have become central to the war because they can't be jammed by electronic warfare like other drones — though their range is limited and the cable can be cut or snagged. Fiber-optic drones can't be jammed by electronic warfare. Kostiantyn Liberov/Libkos/Getty Images It is unclear how many of Ratel Robotics' systems have been adapted for this mission or whether they are already in the field. Drone carriers are not necessarily a new concept. For instance, Ukrainian soldiers say Russia is using its medium-sized strike drones to fly smaller drones into battle like "an aircraft carrier." Ground robots account for only a small share of Ukraine's drone missions, but the technology is becoming more prolific. New Ukrainian defense minister Mykhailo Fedorov said this week that Ukrainian forces carried out more than 7,000 combat and logistics missions with ground robotic systems in January. He added that production and upgrades are accelerating. Ukraine uses its fleet of ground robots for many different missions, including carrying ammunition and gear, evacuating wounded soldiers, laying mines, demining, firing on Russian positions, and exploding near targets. Ukraine uses robots for a host of uses, including firing at Russian positions and carrying wounded troops. Serhii Mykhalchuk/Global Images Ukraine via Getty Images The Ratel H can carry more than 880 pounds and can travel more than 37 miles. The company says it is multipurpose, able to transport cargo and evacuate wounded soldiers. The robot can also be equipped with weaponry and electronic warfare systems. The West is paying close attention to Ukraine's fight, seeking to learn lessons about what it would need to fight Russia. Ground robots are drawing close scrutiny in the West. Western militaries have fielded similar systems, but not at this scale or across so many roles, and Ukrainian companies are pushing the technology forward. Read the original article on Business Insider

We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. Why the growing network of American MQ-9 drones is a challenge for China America’s increasing use of MQ-9 drones near China poses a challenge to Beijing and makes it more urgent for the People’s Liberation Army to improve...

Anti-drone netting covering tanks at an oil depot in Velikiye Luki, Russia. Satellite image ©2026 Vantor Ukraine carried out a long-range drone attack against a Russian oil depot on Wednesday night. A Ukrainian security source said anti-drone netting at the facility failed to stop the attack. Anti-drone netting has emerged as a common makeshift defense tactic on and off the battlefield. Ukrainian drones struck a Russian oil depot overnight, breaking through the netting that had been installed earlier to protect the site from such attacks, a security official told Business Insider on Thursday. Long-range Ukrainian drones struck an oil depot in Velikiye Luki, a city in western Russia's Pskov region, a source in the Security Service of Ukraine (SBU) said. They were only authorized to speak on the condition of anonymity to discuss military operations. The source said protective anti-drone nets had been stretched above fuel tanks at the oil depot. The facility belongs to the company Pskovnefteproduct and is located nearly 500 kilometers (310 miles) from the Ukrainian border. The nets were unable to prevent the strike from doing damage, the source added. Satellite imagery captured in December by US spatial intelligence firm Vantor and analyzed by Business Insider, shows what appears to be anti-drone netting covering roughly 15 tanks at the depot in Velikiye Luki. Anti-drone netting is seen in this December 14, 2025, image of storage tanks at Velikiye Luki. Satellite image ©2026 Vantor Anti-drone netting covering tanks at an oil depot in Velikiye Luki, Russia. Satellite image ©2026 Vantor Several explosions and a large fire were reported at the oil facility, the source said, citing local channels on the Telegram messaging app. Video footage shared on social media shows a massive blaze burning through a structure resembling anti-drone netting. This kind of netting has been spotted at other oil facilities in Russia in recent months. The tactic underscores how the country is turning to crude-looking, improvised defenses to protect energy infrastructure from ongoing Ukrainian attacks. "Vietnam, run!" - overnight, drones from the Special Operations Center "Alpha" of the Security Service of Ukraine successfully struck the Velikolukskaya oil depot. A large fire broke out at the site. Anti-drone nets had been stretched over the fuel storage tanks, but they did not… pic.twitter.com/bLBxuHNxtm — WarTranslated (@wartranslated) February 19, 2026 Concerns over the high drone saturation have led to similar measures on the battlefield. Anti-drone netting is common near the front lines. Ukrainian soldiers are using this material to cover critical logistics routes. And both militaries have added cage-like fencing to their armored vehicles to protect against drones. Additionally, Russia has also installed makeshift defenses, such as large, floating barriers, to protect its ports from the Ukrainian naval drones that have wreaked havoc on its Black Sea Fleet. The Ukrainian attack on Wednesday night marked Kyiv's latest deep-strike drone operation against the vast Russian energy sector, a major source of revenue that fuels Moscow's ongoing war efforts. "The SBU continues to work methodically on facilities that provide the Russian army with fuel," the security source said in a translated statement. "The destruction of oil depots directly affects the enemy's ability to conduct combat operations, advance and transfer reserves. Such operations are an element of the systematic weakening of the military potential of the Russian Federation," they added. Anti-drone netting has become increasingly common near the front lines in Ukraine. Dmytro Smolienko/Ukrinform/NurPhoto via Getty Images Neither Russia's defense ministry nor its US embassy responded to a request for comment on the attack. Moscow said its air defenses shot down roughly 300 Ukrainian drones over the past 24 hours. Since last August, Ukraine has been intensifying its long-range drone attacks on Russia's energy sector, targeting oil refineries, terminals, tankers, and platforms at sea. Kyiv has described the deep-strike campaign as its way of imposing "long-range sanctions" on Moscow. Many of these attacks — at least four in the past week, including the most recent strike — have been carried out by the SBU's Alpha group, an elite unit considered to be among the best of Ukraine's special forces. Its personnel have also been involved in ground operations. Meanwhile, Russia has significantly stepped up its missile and drone strikes against Ukraine's energy infrastructure this winter compared to previous years of the war. Since October, Ukrainian energy facilities have been the main target of Russian barrages, Britain's defense ministry said on Thursday. Russia has launched more than 20,000 drones, and its aircraft have fired over 300 missiles, "in attempts to systematically destroy Ukraine's electrical grid and heat generation capacity," the ministry said in an intelligence update. Read the original article on Business Insider

Aerospace firm proposes two separate warplanes amid dispute over who leads €100bn project Airbus has suggested splitting Europe’s faltering future fighter jet programme into two separate warplanes, amid a dispute between manufacturers over who leads the €100bn (£87bn) project. The company’s defence arm – which represents Germany and Spain – and the French partner, Dassault Aviation, are locked in a battle over the jet part of the Future Combat Air System (FCAS), a wide-ranging project that will also include autonomous drones and a futuristic “combat communications cloud”. Continue reading...

The ongoing conflict in Ukraine is demonstrating to Western allies the strategic importance of viewing small drones as expendable ammunition rather than prized equipment.

Rise Of Europe's "War Unicorns" As Goldman Maps The Defense-Startup Ecosystem The "war unicorn" startup boom we pointed out the other week isn't just an American story. It's happening across the West, as defense startups built around dual-use technology could become the next hot bubble. Goldman analysts, led by Sam Burgess, told clients on Tuesday that European defense is seeing a "rise of the startups," which could reshape an industry long dominated by major defense contractors. Burgess said there are more than 380 defense tech startups across Europe, and these companies have raised over $3 billion, heavily focused on dual-use areas like AI analytics, autonomy, sensing, cyber resilience, and next-generation communications. He said these startups are clustered around major innovation hubs in London, Munich, Stockholm, Paris, and Helsinki, backed by early-stage investors and public programs, including the NATO Innovation Fund and the EIF Defense Equity Facility. Here's a visual breakdown of the EU defense startups ecosystem: "Recent conflicts, particularly the war in Ukraine, have underscored the need for rapid technological iteration, multi-domain integration, and a digitally enabled battlefield," Burgess said. Burgess' note is exactly on point and follows our view of the rise of war unicorn startups as big defense primes face an "adapt or die" moment, as the war in Ukraine and a surge in dual-use technologies (drones, ground bots, and AI kill chains) have pushed Secretary of War Pete Hegseth to recently announce a move to accelerate the fielding of this new technology. Translation: The DoW under Hegseth and the rest of the procurement process are moving away from bloated legacy defense primes toward defense tech startups, creating a boom as we've characterized by the rise of war unicorns like Palmer Luckey's Anduril Industries. The shift away from big defense primes in the DoW's procurement process comes as the war in Ukraine has given military planners and strategists an uncomfortable preview of what conflict in the 2030s could look like. It's not just about expensive stealth jets, bombers, and big, fancy missiles and cannons. It's about ground robots, drones, and consumer-grade products that can easily be weaponized. Professional subscribers can read the full note on Europe's rise of defense startups on our new Marketdesk.ai portal​​​​. Tyler Durden Wed, 02/18/2026 - 05:45

Mexico and Canada are set to initiate a joint economic action plan to prepare for a future beyond the USMCA agreement, focusing on areas like robotics, drones, AI, and new technologies.

The AH-64 Apache helicopter is being equipped with new proximity-fuzed 30mm cannon ammunition specifically designed to counter drones.

A shutdown in El Paso brought attention to the U.S. Army's ongoing challenges in effectively countering drones. The incident underscores the evolving threats posed by drone technology and the need for advanced defense strategies.

More than a year after a cease-fire, the continuous presence of Israeli drones above Beirut serves as a stark reminder that the conflict, in many ways, persists.

Russia claims to have seized a dozen Ukrainian villages in February, while Ukraine has launched drone attacks on a key oil terminal in Russia's Krasnodar region.

Ukrainian air defences repelled a large-scale Russian strike, destroying 105 drones and an Iskander-M missile, though hits were recorded at 20 locations.

Donald Trump's son is reportedly investing in an Israeli drone company that holds a contract with the Pentagon and whose drones have been used in Gaza, raising questions of potential conflicts of interest.

A nighttime Russian drone attack on Zaporizhzhia struck an industrial facility, leaving a 33-year-old man killed and another person injured.

KYIV, Ukraine (AFP) -- Russia fired scores of missiles and drones at targets across Ukraine Sunday, crashing into energy and rail infrastructure and residential buildings, just two days before the fourth anniversary of Moscow's all-out invasion. The capital Kyiv, which Russia has regularly hit with missiles and drones since the start of the full-scale invasion, has faced waves of overnight strikes in recent weeks as Moscow has intensified assaults amid freezing winter temperatures. "Moscow conti

Russia attacked Ukraine with dozens of strike drones and ballistic and cruise missiles, focusing on energy infrastructure and killing at least one person, the Ukrainian military and local officials said on Sunday. Reporting from Kramatorsk, FRANCE 24’s Gulliver Cragg said the strikes on the city appeared to have been unsuccessful, as no power cuts had been reported so far.

A former Manhattan resident is now fighting drones on Ukraine's front lines, as detailed by The Times.

Russian drones, missiles pound Ukraine  The Daily Star

Moscow reports they have downed Ukrainian drones and introduced temporary restrictions at city airports.

Russia reported shooting down 89 Ukrainian drones over nine regions of the country, resulting in 11 injuries.

A new investment product focusing on 'physical AI' – including drones, robots, and self-driving cars – has been launched on the Swiss stock exchange, prompting investors to consider its potential.

Germany, France, Italy, Poland, and the UK have committed to collaborating on the development of new low-cost autonomous drones within a year, as NATO seeks to bolster its air defense against Russia.

Russian troops launched a massive attack on the energy sector of the Odesa region at night. The strikes caused fires.

The aftermath of a Russian missile and drone attack overnight on February 22 has been recorded in five districts of the Kyiv region, with one woman reported injured.

Over the past week, Russia launched about 1,300 attack drones, more than 1,400 guided aerial bombs, and 96 missiles of various types at Ukraine.

Ataques com drones e mísseis atingiram infra-estruturas energéticas em várias regiões ucranianas, enquanto explosões em Lviv causaram a morte de um polícia e provocaram 24 feridos.

De facto authorities of the occupied Tskhinvali/South Ossetia region have unveiled a new batch of drones, raising alarms among some Georgian experts that they can be used to hit targets in Tbilisi-controlled territory. On February 20, RES, a media outlet run by local de facto authorities, reported that Tskhinvali leader Alan Gagloev gave the “defense …

At least one man was killed in Kyiv as Moscow launched a wave of drones and missiles, days after the latest round of U.S.-mediated talks to end the war.

Ukrainian President Volodymyr Zelensky stated that Russia deployed over 1,000 combat drones this week, causing casualties and damage, primarily to energy infrastructure. He emphasized that Moscow is not pursuing peace.

Five European nations have announced a new program to produce low-cost air defense systems and autonomous drones, leveraging Ukraine's war experience and expertise.

As drones are increasingly integrated into Olympic coverage, operators are looking to expand their capabilities for future events.

Bloomberg reports that China is exporting drones to Russia through Thailand, with Russia importing $125 million worth of drones from Thailand in the first 11 months of 2025.

Nigerian soldiers have arrested a drone supplier and suspected collaborators of Boko Haram, recovering two aerial drones and solar power banks.

China is reportedly exporting drones to Russia via a new route through Thailand.

Ukrainian soldiers are reportedly cutting any fiber-optic drone cables they encounter, even if they might belong to their own forces, due to the prevalence of enemy drones.

The Defence Minister has praised Governor Lawal for supplying armoured vehicles and drones to troops in Zamfara, Nigeria, to enhance security operations.

The Chinese coastguard has revealed its growing dependence on aerial drones for daily training and operations at the Scarborough Shoal, as detailed in a recent Lunar New Year post.

Drones have become a surprising highlight of the Winter Olympics, with their advanced technology now rivaling the performances of elite athletes.

The Metropolitan Police are intensifying efforts to combat gangs recruiting children via Snapchat to steal phones, deploying drones, e-bikes, and live facial recognition.

Ukrainian forces have reportedly used long-range drones to strike a Russian explosive materials plant 1,000 miles away and a major Black Sea oil terminal.

London police are utilizing drones and ebikes to target criminal gangs that recruit children via Snapchat to steal iPhones, offering cash rewards.

Futures, Global Markets Rise With US Markets Closed For President's Day Stocks gained, bitcoin tumbled and bonds steadied after Friday's cool CPI data reinforced expectations that the Fed will cut interest rates on multiple occasions this year. With US markets closed for the Presidents’ Day holiday and mainland China’s markets closed for Lunar New Year holidays, trading was muted on Monday. As of 9:00am ET, futures on the S&P 500 added 0.4% and Europe’s Stoxx 600 index rose 0.4% as banking shares rebounded from a sharp decline last week. German bunds and Treasury futures were steady after US yields touched the lowest since December on Friday. The path of US interest rates remains in focus following Friday’s slower-than-expected US inflation print as traders fully price a Fed cut in July and the strong chance of a move in June.   “The backdrop for equities is positive post CPI,” said Andrea Gabellone, head of global equities at KBC Securities. At the same time, there could be “more dispersion ahead as sentiment around key AI-exposed sectors is still very critical,” he added.  That sentiment was echoed by other strategists seeking to distinguish between AI losers and winners. A JPMorgan Chase & Co. team led by Mislav Matejka urged caution on stocks at risk of AI-driven “cannibalization,” including software, business services and media companies. Meanwhile, banks are developing baskets to capitalize on the divergence: as we first reported last Thursday, Goldman launched a new basket of software stocks that goes long firms that will benefit from AI adoption, while shorting the companies whose workflows could be replaced. With AI disruption rippling through markets, a lot will come down to earnings resilience, in particular in the US.  “When you look at the current earnings season, the companies are showing 13% of growth,” Nataliia Lipikhina, head of EMEA equity strategy at JPMorgan, told Bloomberg TV. “Overall, this is the reason why we continue to be positive on the S&P.” Later this week, traders will be watching for ADP private payrolls numbers on Tuesday and the minutes from the Fed’s January meeting on Wednesday for a fresh read on the economy. European stocks gained with bank shares rebounding, after posting their biggest weekly decline since April on worries about disruption from artificial intelligence. The basic resources sector lags, with Norsk Hydro among Europe’s worst performers as both Goldman Sachs and RBC downgrade the stock. Stoxx 600 rises 0.4% to 620.26 with 253 members down, 336 up, and 11 unchanged. Here are some of the biggest movers on Monday:  NatWest shares rise as much as 4%, the most since October, as Citi analyst Andrew Coombs raises his price target on the UK bank to a Street-high. Seraphim Space shares rise as much as 9.2%, briefly hitting a new all-time high, after the space tech investment firm said the valuations of its four largest holdings increased over the final months of 2025. AECI shares rally as much as 6.1%, the most since July, after the South African commercial-explosives maker shared improved 2025 headline earnings per share guidance. Orsted shares rise as much as 3.8% after analysts at Kepler raise the recommendation to buy from hold over the Danish renewable energy firm’s outlook, despite ongoing uncertainty for the industry in the US. Norsk Hydro shares fall as much as 4.4%, extending Friday’s 5.9% earnings-triggered drop, after being downgraded at Goldman Sachs and RBC over disappointments and pricing pressures in the Norwegian aluminum company’s downstream business. Galderma shares slip as much as 2.2% after naming Luigi La Corte as its new chief financial officer following the news back in July that Thomas Dittrich was departing. Pinewood Technologies shares tumble as much as 32%, the most since April 2024, after Apax Partners said on Friday it will not proceed with a possible cash offer for the car dealership software provider. FlatexDEGIRO shares drop as much as 7.2% after BNP Paribas downgraded the online brokerage firm to neutral from outperform, saying the price reflects too much optimism about its market position in Germany. Maurel & Prom shares slump as much as 12%, pulling back after ending last week at a 2015-high, after announcing it is not currently authorized to resume oil and gas operations in Venezuela. Barratt Redrow shares fall as much as 3.7%, leading a drop in British homebuilders after Rightmove said house prices are stalling. Asian stocks slipped for a second day, led by declines in Japan as traders booked profits after last week’s post-election rally. Several markets were closed or held shortened trading sessions for the Lunar New Year holiday. The MSCI Asia Pacific Index was down 0.1%. Japan’s Topix Index fell 0.8%, with Mizuho Financial Group Inc. and Toyota Motor Corp. among the companies contributing to the index’s losses.In Hong Kong, AI model developer Minimax Group Inc. surged as much as 30% to more than four times its original listing price, while competitor Knowledge Atlas JSC Ltd. ended 4.7% higher. The market will be closed until Thursday. As investors across the region begin to reevaluate their bets on its artificial-intelligence-driven rally, traders in Japan cashed in gains driven by expectations of Prime Minister Sanae Takaichi’s proactive spending policies last week.Trading in Singapore ended early Monday and will be shut until Wednesday. Equity markets in mainland China, South Korea, Indonesia and Vietnam were closed.  In FX, the yen is the notable mover in currencies, weakening 0.5% against the dollar and pushing USD/JPY back above 153. The offshore yuan is one of the better performers against the greenback. The Bloomberg Dollar Spot Index rises 0.1%. There is no cash trading in Treasuries due to the Presidents’ Day holiday. European government bonds are little changed In commdities, gold dipped below $5,000 an ounce, as traders booked profits from a gain in the previous session. Bitcoin tried anf ailed to stage a modest rebound; it last traded around $68,275 after posting its fourth consecutive weekly loss, with the cryptocurrency struggling to find clear direction as a weekend rally fizzled once the momentum ignition algos emerged.  WTI crude futures tread water near $62.90 a barrel.  Top Headlines President Trump said there will be voter ID rules in the mid-term elections this year, whether Congress approves it or not, and they will present a legal argument in an Executive Order. Furthermore, Trump said he has searched the depths of legal arguments not yet articulated nor vetted on this subject, and they will be presenting an irrefutable one in the very near future. Iran says potential energy, mining and aircraft deals on table in talks with US: RTRS Pentagon threatened to cut its ties with Anthropic over the company’s insistence that some limitations are kept on how the military uses its AI models: RTRS UK eyes rapid ban on social media for under 16s, curbs to AI chatbots: RTRS Rampant AI Demand for Memory Is Fueling a Growing Chip Crisis: BBG Warner Bros. Weighs Reopening Sale Negotiations With Paramount: BBG Companies Are Replacing CEOs in Record Numbers—and They’re Getting Younger: WSJ Europe aims to rely less on US defence after Trump's Greenland push: RTRS DOJ Tells Lawmakers Epstein File Redactions Complied With LawL BBG For College Applicants, Pressure to Make Summers Count Has Gotten Even Worse: WSJ Fed's Goolsbee (2027 voter) said on Friday that they are still seeing pretty high services inflation, and he hopes they have seen the peak impact of tariffs, while he added that the job market has been steady, with only modest cooling.  The Break Is Over. Companies Are Jacking Up Prices Again: WSJ Trade/Tariffs USTR Greer said the US and Ecuador expect to sign a trade agreement in the coming weeks. China will waive import value-added taxes on selected seeds, genetic resources, and police dogs through to 2030 to increase agricultural competitiveness and breeding capacity. It was also reported that China will grant zero-tariff access to 53 African nations from May 1st, according to Bloomberg. Chinese Foreign Minister Wang Yi told his French and German counterparts that China and the EU are partners, not rivals, while he added that China and the EU should manage differences, deepen practical cooperation and work together on global challenges. A more detailed look at global markets courtesy of Newsquawk APAC stocks began the week in the green but with gains limited following a lack of major fresh catalysts from over the weekend and amid thinned conditions owing to holiday closures in the region and North America. ASX 200 traded marginally higher with upside led by tech, although gains are capped by underperformance in the utilities, mining, materials and resources sectors, while participants also digested a slew of earnings releases. Nikkei 225 traded indecisively with the index constrained by disappointing Japanese preliminary Q4 GDP data, which showed the economy returned to growth but failed to meet expectations with GDP Q/Q at 0.1% (exp. 0.4%), and annualised GDP at 0.2% (exp. 1.6%). Hang Seng finished higher in a shortened trading session on Chinese New Year's Eve but with upside limited by tech weakness amid some confusion after the Pentagon added several companies including Baidu, Cosco, BYD, Huawei, Nio, SMIC, Tencent, and more to a list of Chinese firms aiding the military on Friday, but then withdrew the updated list shortly after it was posted. Furthermore, price action was also restricted by the closure of mainland markets and the absence of stock connect flows, which will remain shut for more than a week. US equity futures kept afloat in quiet trade amid the absence of drivers and participants. European equity futures indicate a mildly positive cash market open with Euro Stoxx 50 futures up 0.1% after the cash market closed with losses of 0.4% on Friday. Asian Headlines Chinese President Xi called for the anchoring of economic growth around domestic demand as its main driver, in a speech during a key policy meeting late last year that was released on Sunday. China is to establish a permanent financial support framework to promote rural revitalisation and prevent a slide back into poverty, which represents a shift from transitional aid to long-term support. China’s market regulator summoned major online platform companies on Friday, including Alibaba, Douyin and Meituan, while it directed them to comply with laws and regulations, and rein in promotional practices, according to Bloomberg. US Secretary of State Rubio and Japanese Foreign Minister Motegi reaffirmed their commitment to deepen bilateral ties. Disney (DIS) sent a ‘cease and desist’ letter to ByteDance over Seedance 2.0 and alleged that ByteDance has been infringing on its IP to train and develop an AI video generation model without compensation, according to Axios. It was later reported that ByteDance said it would curb its AI video app following Disney's legal threats, according to the BBC. RBI tightened rules for loans provided to brokers and proprietary firms in an effort to reduce market speculation FX DXY eked slight gains in rangebound trade after a lack of major catalysts and with US participants away on Monday. EUR/USD was little changed amid the absence of any major macro catalysts and with light newsflow from the bloc, while comments from ECB President Lagarde and news that the ECB is to make its repo backstop available to other central banks across the world, did little to spur price action. GBP/USD held on to most of Friday's spoils but with price action contained by resistance around 1.3650 and following comments from BoE's Mann that the UK economy is sluggish and tepid, with consumers spending less due to being scarred by high inflation. USD/JPY edged higher and returned to above the 153.00 level in the aftermath of the weaker-than-expected preliminary Q4 GDP data for Japan. Antipodeans were mixed with little fresh macro drivers and a lack of tier-1 data from either side of the Tasman. Fixed Income 10yr UST futures traded little changed and held on to last week's spoils after returning above the 113.00 level in the aftermath of the softer US inflation data, while price action was contained to start the week by the closure of US cash markets for Washington's Birthday. Bund futures lacked demand in the absence of any major catalysts and with light newsflow from the bloc. 10yr JGB futures were marginally higher following disappointing preliminary GDP data for Q4, but with gains limited after failing to sustain a brief reclaim of the 132.00 level. Commodities Crude futures were rangebound amid light energy-specific newsflow from over the weekend and after last Friday's indecisive performance, where attention was on a source report that noted OPEC+ is leaning towards resuming oil output hikes from April, but with no decision made. Slovak PM Fico said he has information that the Druzhba pipeline has been fixed after damage in Ukraine, although he believes that supplies to Hungary and Slovakia have become a part of political blackmail. Spot gold took a breather after edging higher in the aftermath of the recent softer-than-expected US inflation data, with price action also contained by the holiday closures across Asia and North America. Copper futures were subdued, with their largest buyer away for more than a week due to the Chinese New Year/Spring Festival holiday. Texas venture-backed startup Hertha Metal vowed mass production of steel with 25% cost savings, which could reduce US reliance on imports. Geopolitics: Middle East US military is preparing for potential operations against Iran that could last for weeks if US President Trump orders an attack and the US fully expects Iran to retaliate, according to sources cited by Reuters. US President Trump told Israeli PM Netanyahu during a meeting in December that he would support Israel striking Iran’s ballistic missile program if the US and Iran are not able to reach a deal, according to CBS. Iran confirmed that indirect talks between the US and Iran will resume in Geneva on Tuesday under the mediation of Oman, while Iranian Foreign Minister Araghchi left for Geneva on Sunday. Iranian diplomat said Iran is open to nuclear deal compromises if the US discusses lifting sanctions, while it was also reported that Iran said potential energy, mining and aircraft deals are on the table in talks with the US. Israel’s cabinet approved the proposal to register West Bank lands as ‘state property’, while Palestinians condemned the ‘de facto annexation’ which Peace Now said likely amounts to a ‘mega land grab’. Geopolitics: Ukraine US President Trump said on Friday that Ukrainian President Zelensky is going to have to get moving and that Russia wants to get a deal. US Secretary of State Rubio said they don’t know if Russia is serious about finding an end to the war in Ukraine and will continue to test it, while it was reported that he met with Ukrainian President Zelensky on security and deepening defence and economic partnerships. Ukrainian drones targeted Russia’s Taman seaport and fuel tanks in the Black Sea region. UK and European allies were reported on Friday to be weighing seizing Russian shadow fleet ships and tightening curbs on Russia's economy. French Foreign Minister Barrot said some G7 nations have expressed a willingness to proceed with a maritime services ban on Russian oil, which they hope to include in the 20th sanctions package that they are actively preparing. Geopolitics: Other European Commission President von der Leyen said that they face the very distinct threat of outside forces trying to weaken their union, while she added that mutual defence is not an optional task for the European Union; it is an obligation within their own treaty, and it is their collective commitment to stand by each other in case of aggression. Pentagon said the US military struck an alleged drug cartel boat in the Caribbean, which killed three people. DB's Jim Reid concludes the overnigt wrap I hope you all had a good weekend. To stay in Winter Olympics mood the family watched "Cool Runnings" last night. I haven't seen it for 32 years. Please don't tell anyone but I had a few tears in my eyes at the end. I blamed it on the hay fever that has now started. There will be a lot of tears out there in markets for other reasons at the moment. Just two weeks ago, the idea of AI-driven disruption still felt like an abstract, almost academic thought experiment—something we could safely revisit once we had clearer evidence of how AI would be deployed and integrated across the economy. Fast forward 14 days, and markets have wiped out well over a trillion dollars of global equity value on the fear that AI could fundamentally reshape business models and compress profitability across a wide range of industries, including software, legal services, IT consulting, wealth management, logistics, insurance, real estate brokerage and commercial real estate. Some of the sell off in “old economy” sectors feels overdone to me. But as I argued in our 2026 World Outlook back in November, the real challenge is that even by the end of this year we still won’t have enough evidence to identify the structural winners and losers with confidence. That leaves plenty of room for investors’ imaginations—both optimistic and pessimistic—to run wild. As such big sentiment swings will continue to be the order of the day. My instinct is that the reaction in things like commercial real estate, for example, has been particularly exaggerated. Markets seem to be extrapolating a scenario in which vast numbers of white collar workers are made redundant almost overnight, leading to a dramatic collapse in office demand. If that view turns out to be correct, we’ll be facing societal challenges far larger than anything currently being priced into equities. While trying to catch a falling knife may be too risky for many, beginning to cushion the descent could be sensible in many old economy sectors. Markets can’t sustain a disruption narrative across multiple sectors for months or quarters without concrete evidence — and that evidence is likely to take much longer to emerge. Fascinating times. As for this week, today is a US holiday but inflation will remain in the spotlight at a global level after Friday's slightly softer US CPI which helped contribute to a decent rates rally to end the week. Prints are due in the US (PCE - Friday), the UK (Wednesday), Canada (Tuesday) and Japan (Friday). Other economic highlights will include the FOMC minutes (Wednesday), Q4 GDP in the US (Friday), as well as the global flash PMIs (Friday). Earnings reports will feature Walmart (Thursday), Nestlé (Thursday) and BHP (today). It's the earnings calm before next week's Nvidia storm. In the US, this holiday shortened week (President's Day today) features a data calendar dominated by releases that were pushed back by last year’s government shutdown. The most consequential updates will land on Friday, when the advance estimate of Q4 GDP arrives alongside December’s personal income and consumption figures—key inputs for shaping expectations for the early part of this year. For markets assessing the underlying pulse of demand heading into 2026, private final sales to domestic purchasers (PFDP) will carry more weight than the headline GDP print. This indicator—closely monitored by Fed Chair Powell—is expected by our economists to slow to 2.0% from 2.9% in Q3, though risks appear tilted upward. One swing factor: Wednesday’s durable goods report, where modest gains outside of transportation could soften the deceleration. On the consumer front, real PCE growth is expected to cool to 2.5% after two quarters of outsized strength but should still signal ample momentum heading into the new year. Friday’s income and spending report will also offer the latest reading on core PCE, the Fed’s preferred inflation gauge. Our economists expect another 0.4% monthly increase for December, lifting the year over year rate to 2.9%. Updated seasonal factors from last week’s CPI release suggest some mild downward pressure on inflation trends in the second half of 2025. Still, January’s CPI data, although softer than we anticipated, do not translate into equivalent relief for core PCE—in fact, our team currently sees another 0.4% gain for January's release (delayed until March 13th). Depending on the strength of medical services, airfare, and portfolio management components in the upcoming PPI report, a 0.5% monthly rise cannot be ruled out, which would push the year over year rate toward 3.1%. So don't get too excited about the softer CPI last week and the huge rates rally. Additional releases this week will help clarify whether recent severe winter weather has disrupted factory sector activity. January industrial production, due Wednesday, should benefit from a jump in utility output, while weather effects may weigh on the Empire State Survey tomorrow and the Philadelphia Fed survey on Thursday. Labor market data will also be in focus, particularly Thursday’s jobless claims, which line up with the survey week for the February employment report. As our economists have pointed out, private nonfarm job gains have averaged 103k over the past three months, slightly above the pace at this point in 2025 and matching the start of 2024. See their latest US employment chartbook here. This week will also feature a dense lineup of Federal Reserve speakers which you can see alongside all the key global data in the day-by-day week ahead calendar at the end as usual. Moving away from the US, inflation will also be in focus in Japan (Friday) and Canada (tomorrow). For the former, our Chief Japan Economist sees the January nationwide CPI showing a slowdown in both core CPI inflation ex. fresh food to 2.1% YoY (+2.4% in December) and core-core CPI inflation ex. fresh food and energy to 2.7% (+2.9%). Also important will be the global flash PMIs due on Friday as a health check on global growth. In Europe, the spotlight will be on UK inflation (Wednesday), with labour market data due tomorrow and retail sales on Friday. Our UK economist expects headline CPI inflation to drop to 3.0% YoY (3.4% in December) and core CPI also landing at 3.0% YoY (3.2% YoY). See more in his full preview here. In terms of key rate decisions, the RBNZ are expected to remain on hold on Wednesday. Finally, the Munich Security Conference wrapped up over the weekend, where key topics included Ukraine, Russia, and the fate of Greenland. And while US Secretary of State Marco Rubio’s speech was nothing like Vice President JD Vance’s at last year’s conference, which triggered a “wake-up” call for European leaders, Rubio reiterated the administration’s view that Europe needed to leave behind its focus on energy policies, trade and mass migration. Recapping last week now, the tech volatility that has dogged markets since the start of the month broadened into a far more indiscriminate sell-off. The trough came on Thursday, marked by a sharp drop in software stocks, but the weakness extended well beyond tech. Companies across wealth management, real estate and financials suffered double digit declines, underscoring how widespread the pullback has become. Market breadth confirmed this shift as the equal weighted S&P 500 fell -1.37% on Thursday, though it managed to finish the week up +0.29% (+1.04% on Friday). Ultimately, the sell-off left the major US indices on the back foot: the S&P 500 slipped -1.39% (+0.05% on Friday), the Nasdaq lost -2.10% (-0.22% on Friday), and the Magnificent 7 slid -3.24% (-1.11% on Friday). Although the AI scare dominated sentiment, a heavy slate of US data also shaped the market narrative. Early in the week, softer prints—including flat December retail sales, a dovish Q4 Employment Cost Index, and slower Q4 growth expectations from the Atlanta Fed—pushed Treasury yields lower across the curve. That picture shifted midweek after a stronger than expected January jobs report, which delivered the largest gain in nonfarm payrolls (+130k vs. +65k expected) since December 2024 and reinforced confidence that the US economy carried solid momentum into 2026. Then on Friday, January CPI came in below expectations, adding another dovish note. Although the data offered mixed signals at times, the overall takeaway was sufficiently dovish for traders to increase the number of expected rate cuts by December 2026 to 63.4bps (+7.7bps on the week). This helped drive the largest weekly drop in the 10 year Treasury yield since August 2025, down -15.8bps (-5.0bps on Friday) to 4.05%. The 2 year yield also moved sharply lower, falling -8.9bps to 3.41% (-4.8bps on Friday), its lowest level since 2022. European markets, meanwhile, delivered a comparatively resilient performance. The STOXX 600 (+0.09%, -0.13% Friday), DAX (+0.78%, +0.25% Friday) and FTSE 100 (+0.74%, +0.42% Friday) all posted modest gains for the week. European sovereign bonds rallied as well, with the 10 year bund yield dropping -8.7bps—its steepest weekly decline since April 2025. That move was outpaced by gilts, which fell -9.8bps (-3.6bps on Friday) despite a sharp early week sell-off triggered by renewed questions surrounding Prime Minister Keir Starmer’s position. Elsewhere, performance was mixed. Brent crude edged down -0.44% (+0.34% on Friday), while gold extended its upward run, rising +1.56% (+2.43% on Friday). Will London’s half term week finally give us a quiet week in 2026? You’d probably have to guess at ‘unlikely’. Tyler Durden Mon, 02/16/2026 - 09:40

Border Patrol Fired Army Lasers At Party Balloons, Forcing El Paso Air Traffic Shutdown On Wednesday, after the FAA suddenly shut down airspace over El Paso, Transportation Secretary Sean Duffy announced the unsettling move was prompted by a "cartel drone incursion," and assured Americans that "the threat has been neutralized." However, that shutdown, which impeded everything from commercial air traffic to medevac helicopter flights, was actually caused by a trigger-happy border Border Patrol unit firing a US Army laser weapon at a party balloon, not far from El Paso International Airport.  The introduction of the weapon into a border-security role without FAA approval may have violated federal law. The proposal for arming the border patrol with the anti-drone weapon was first presented to Deputy Defense Secretary Steve Feinberg in the spring of 2025, sources tell the New York Times. The goal was the interdiction of drones used to smuggle drugs across the frontier. According to two people, Pentagon staff cautioned that the idea would require approval of the FAA and Transportation Department, but Feinberg said the Pentagon was free to do what it wanted with the weapons. The Pentagon called their account "a total fabrication."  In a Feb 6 email obtained by the Times, the FAA's chief lawyer warned a DOD official that putting the weapon into the border-enforcement mix without restricting the airspace "a grave risk of fatalities or permanent injuries” to civilians flying overhead.  CPB officers reportedly fired an AeroVironment LOCUST laser counter-drone weapon on loan from the US Army (AeroVironment photo) In the predawn hours on Monday, Feb 9, as military service members observed, Customs and Border Protection officers fired the laser weapon at what they assumed was a drone near Fort Bliss, but it was actually a metallic party balloon. Around 5pm that day, a DOD official emailed an FAA lawyer, reiterating the Pentagon's stance that prior FAA approval wasn't needed, and that the laser weapons would continue to be employed on the border, adding that he "looked forward" to a meeting to discuss the topic.  FAA officials were said to be outraged. Early Tuesday evening, the FAA warned the Pentagon and National Security Council that an FAA-mandated shutdown of airspace near El Paso was imminent. Then came the extraordinary order from FAA administrator Bryan Bedford that airspace above El Paso would be closed for 10 days. The "temporary flight restriction notice" forbid any flights below 18,000 feet in the affected area. An angry El Paso Mayor Renard Johnson said the "unnecessary" airspace shutdown, which lasted a few hours, caused "chaos and confusion," including the diversion of medevac flights to Las Cruces, New Mexico. Bedford rescinded the order on Wednesday.   The laser weapon was fired a balloon approaching Fort Bliss, which is immediately adjacent to El Paso International Airport The incident has intensified pre-existing tension between the DOD and the FAA, which goes back to the disastrous January 2025 collision between an American Airlines jet and a US Army Black Hawk helicopter that killed 67 people. At least two near-misses with Army helicopters followed.  While it's been widely and credibly reported that CPB fired at a party balloon, the administration has yet to officially rescind its claims about a "cartel drone incursion." Meanwhile, the safety question hangs heavy in the air. In October 2024, an official at US Northern Command said safety concerns were, at the time, keeping lasers off the table where drone interdiction was concerned:  “The biggest thing right now is the impact of the laser when it moves beyond its target. You know, how far is it going? What’s that going to do? How long does the laser need to remain on target before it begins to inflict damage and so on, right?”  It's far from clear if those questions have since been satisfactorily answered. To the extent they're still being sorted out, maybe that process shouldn't be taking place next to El Paso International Airport.  Tyler Durden Sun, 02/15/2026 - 13:25

Ukrainian forces launched a drone strike on a Russian Black Sea port, while President Zelenskyy addressed the Munich Security Conference on the ongoing conflict and the need for allied security guarantees. Reports also highlight significant Russian troop losses and the growing influence of drone warfare.

Police in Rio de Janeiro conducted an undercover operation during Carnival, using fancy dress and drones to catch phone thieves, leading to two arrests.