EDGE and Brazilian Navy Join Forces to Develop Advanced Anti-Drone Systems

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  In a major step toward strengthening maritime security and defense capabilities, EDGE, one of the world's leading advanced technology and defense companies, has announced the signing of a strategic Letter of Intent (LoI) with the Brazilian Navy. This agreement, made through the Navy’s Weapons Systems Directorate, focuses on the joint development of cutting-edge anti-drone systems to counter evolving aerial threats. Strengthening Maritime Defense As drones become increasingly sophisticated and accessible, their potential use in surveillance, reconnaissance, and even offensive operations poses a significant challenge for military forces worldwide. Recognizing this, EDGE and the Brazilian Navy have come together to explore advanced counter-drone technologies tailored for naval applications. With Brazil's extensive coastline and its growing maritime interests, securing naval assets from unmanned aerial threats is a top priority. This collaboration aims to create state-of-the-art ...
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Elon Musk, Mark Zuckerberg And Jeff Bezos Lose $60 Billion Of Their Wealth

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Elon Musk

The three richest businessmen lost their wealth by $60 billion in the first 6 months of 2022. Tesla founder Elon Musk's fortune fell by almost $62 billion, Amazon CEO Jeff Bezos' money fell by almost $63 billion, and Facebook co-founder Mark Zuckerberg's fortune fell by more than half in the first half of 2022.

According to the Bloomberg Billionaires Index, the world's 500 wealthiest people lost $1.4 trillion in the first half of 2022. This is the largest six-month decrease in the global billionaire class's history.

The reason for this drop in the wealth of billionaires is the Covid-19 pandemic. Actually, the index said that the governments and central banks unleashed unprecedented stimulus measures in the wake of the Covid-19 pandemic, which affected businesses.

Stock markets have faced some of their worst days this year due to the Russia-Ukraine conflict and rising inflation across the world. The government has also raised interest rates to battle rising inflation amid the Russia-Ukraine war, and the billionaires who hold stocks and highest-flying shares are rapidly losing their money. Investors have lost trillions of dollars in the stock market this year.

What happened to big tech companies?

Tesla Inc had its worst quarter ever in the three months ending June. Shares of Tesla sank to an 11-month low in May 2022. Musk lost a lot of money in the first 6 months of 2022. Despite losing more than $60 billion in wealth, he is the richest man in the world. According to Forbes, his wealth is around $203 billion.

Amazon’s Bezos is the second richest man in the world, with a $129.6 billion net worth. The index further ranked France’s richest person Bernard Arnault in the third position, with a $128.7 billion fortune. Bill Gates is the fourth richest man in the world, with $114.8 billion

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