Author Archives
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US imposes sanctions on Islamic State financial facilitators
The United States has imposed sanctions on a network of five Islamic State financial facilitators working across Turkey, Syria and Indonesia, in support of members of the extremist jihadist group in Syria. In a statement the U.S. Treasury Department has… Read More ›
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Russia’s Sberbank developing domestic cloud infrastructure following sanctions
In a significant development, Russia’s top lender Sberbank said, it is developing an entirely domestic cloud infrastructure following Western sanctions which have caused issues with its foreign cloud partner. Western countries have imposed sanctions on Russian banks. Sberbank has started developing technology… Read More ›
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Lockheed Martin expects weapon sales jump beyond Ukraine Russia theatre: CEO
US weapons giant Lockheed Martin Corp plans on doubling the production of Javelin missiles, said its Chief Executive Officer James Taiclet. Lockheed Martin aims to boost the production of the anti tank weapon system from 2,100 to 4,000 per year in… Read More ›
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Iraq signs defense deals with France & US
In a news report, Iraq’s state news agency INA reported, Baghdad has signed defense contracts with the Washington and Paris towards the import of advanced weapons which will strengthen its artillery. The report citing a senior military commander said, long-range… Read More ›
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Bulgaria will veto EU’s proposed ban on Russian crude, if not provided exemption: Deputy Prime Minister
In a statement, Bulgaria’s Deputy Prime Minister Assen Vassilev said, Sofia will not support the European Union’s new sanctions on Russia if it does get an exemption on Russian energy imports. While talks among EU governments are moving closer towards… Read More ›
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EU ready to restart negotiations on Northern Ireland protocol
In a statement, the European Union’s envoy to Britain said, the bloc is ready to restart negotiations on the Northern Ireland protocol after a pause following a recent election; it however made it amply clear that will not overhaul clauses… Read More ›
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British real estate firms Capital & Counties Properties and Shaftesbury Plc in advanced merger talks
In a statement British real estate firms Capital & Counties Properties along with Shaftesbury Plc said, they are in advanced talks on a merger. In the potential merger, Shaftesbury would own 53% and Capco shareholders would own the remainder in a deal… Read More ›
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Largest white diamond to be auctioned for at least $30M
The largest white diamond ever auctioned will go under the hammer in Geneva next week, as part of a sale by Christie’s that features two stones weighing more than 200 carats each. Christened as “The Rock”, the 228.31 carat pear-shaped… Read More ›
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North Korea fires its first Submarine Launched Ballistic Missile: South Korean Military
In a statement South Korea’s military said, North Korea has fired a ballistic missile on Saturday. The development comes three days ahead of the inauguration of South Korean president-elect Yoon Suk-yeol, who has vowed to take a stronger stand against… Read More ›
