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By Nobuhiro Kubo and Tim Kelly TOKYO (Reuters) – A U.S. plan to use Japanese factories to boost production of Patriot air defence missiles – used by Ukraine to defend against Russian attacks – is being delayed by a shortage of a critical component manufactured by Boeing, four sources said. Japan’s Mitsubishi Heavy Industries (MHI) already makes about 30 PAC-3 missiles each year under licence from defence contractor Lockheed Martin and can increase that number … Read more…

By Rami Amichay TEL AVIV (Reuters) – A large, long-range drone hit the centre of Tel Aviv in the early hours of Friday, in an attack claimed by the Iranian-backed Houthi militia that killed one man and slightly wounding four others, the Israeli military and emergency services said. The explosion, which did not trigger air raid alarms, occurred hours after the Israeli military confirmed it had killed a senior commander of the Iran-backed Hezbollah militia … Read more…

(Reuters) -Berkshire Hathaway sold about 33.9 million shares of Bank of America for around $1.48 billion over multiple transactions this week, a regulatory filing showed. After the sale, Berkshire owned about 999 million BofA shares. Berkshire is one of the Charlotte, North Carolina-based lender’s largest shareholder. It also invests in several other banks, including Wells Fargo & Co and JPMorgan Chase The conglomerate, owned by Warren Buffett, began investing in Bank of America in 2011, … Read more…

(Reuters) -Meta Platforms CEO Mark Zuckerberg has declined to endorse either Donald Trump or Joe Biden and said he does not plan to be involved in the upcoming U.S. presidential election in any way, Bloomberg News reported on Friday. In an interview with the publication on Thursday, the tech executive said former President Trump’s immediate reaction after being shot was “badass” and inspiring, and helps explain his appeal to voters. Zuckerberg’s comments come as several … Read more…

By Nate Raymond (Reuters) -A federal appeals court on Thursday blocked President Joe Biden’s administration from continuing to implement a new student debt relief plan designed to lower monthly payments for millions of Americans. The St. Louis-based 8th U.S. Circuit Court of Appeals granted a request by seven Republican-led states to put on hold parts of the U.S. Department of Education’s debt relief plan that had not already been blocked by a lower-court judge. That … Read more…