In a significant development a former CEO of Goldman Sachs, Lloyd Blankfein said, he believes the US economy is at risk of slipping into a recession, even as the U.S. Federal Reserve continues to tackle inflation by hiking interest rates. Blankfein… Read More ›
In a statement Belarusian Prime Minister Roman Golovchenko said, Western sanctions have blocked $16 to $18 billion worth of its annual exports to the European Union. Belarus has been hit by sanctions by the West after Russia sent troops into… Read More ›
In a statement the US Federal Aviation Administration (FAA) said, it had “shifted course on its approach to approving pilots of future electric vertical takeoff and landing aircraft (eVTOL)”, but does not expect delays in certification or operational approvals. eVTOL… Read More ›
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 ›
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 ›
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 ›
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 ›
In a statement the US Securities and Exchange Commission said its Division of Corporation Finance has told companies to disclose the impact of Russia’s invasion of Ukraine on their business, including nationalization of assets. In a guidance posted on its website, the… Read More ›
In a statement Taiwan’s Defence Ministry said, it was considering sourcing weapons from alternative locations, other than the United States, after Washington informed of delays in deliveries of an artillery system due to a “crowded” production line. The development comes… Read More ›
In a significant development, the U.S. House of Representatives has unanimously passed legislation calling on the State Department to submit a plan to help Taiwan regain its observer status at the World Health Organization. The House of Representatives passed the… Read More ›
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