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Boeing, Lockheed team again to bid for $55 billion bomber program
26 Oct 2013 15:31

Boeing, Lockheed team again to bid for $55 billion bomber program

Boeing said Friday it has renewed its previously suspended partnership with Lockheed Martin to prepare a bid to build the next-generation long-range bomber for the Air Force.The $55 billion bomber program aims to develop a long-range strike aircraft to replace the B-2 Stealth bomber.Air Force spokesman ...

 
Russia and China strengthen trade ties with $85 billion oil deal
22 Oct 2013 17:27

Russia and China strengthen trade ties with $85 billion oil deal

The world’s fastest-growing energy market China and world’s biggest oil producer Russia have strengthened their business ties on Tuesday after signing 21 trade agreements, including a new 100 million ton oil supply deal with China’s Sinopec.Under the new energy deal, Rosneft, the world’...

 
France, China to invest $26bn into next generation of UK nuclear power
21 Oct 2013 17:37

France, China to invest $26bn into next generation of UK nuclear power

Britain has embarked on its first nuclear power station in 20 years, which will start delivering energy to 7 million homes from 2023. The deal agreed by UK, France and China will also cut consumer fuel bills by more than £75 a year from 2030.China will team up with Electrcite de France SA (EDF) ...

 
In this March 14, 2013, file photo, a crowd of job seekers attends a health care job fair in New York. Almost 6 million young people, ages 16 to 24, are neither in school nor working, according to a study released Monday, Oct. 21, 2013, by The Opportunity Nation coalition. The study also finds that 49 states have seen an increase in the number of families living in poverty and 45 states have seen household median incomes fall in the last year. The dour report underscores the challenges young adults face now and foretell challenges they are likely to face as they get older. (AP Photo/Mark Lennihan, File)
21 Oct 2013 17:26

Study: 15 percent of US youth out of school, work

Almost 6 million young people are neither in school nor working, according to a study released Monday.That's almost 15 percent of those aged 16 to 24 who have neither desk nor job, according to The Opportunity Nation coalition, which wrote the report.Other studies have shown that idle young adults are ...

 
An example of an autonomous underwater vehicle, Saab
18 Oct 2013 13:46

Israel defense forces to develop drone submarines, market expected to reach $2 billion

The department within Israel’s Ministry of Defense, tasked with developing next generation weaponry, MAFAT, is working on developing unmanned underwater vehicles, the market for which could exceed $2 billion by 2020, Israel’s Globes business daily reported, citing MAFAT aeronautics director ...

 
Toyota unveils cars with auto pilot
12 Oct 2013 13:39

Toyota unveils cars with auto pilot

Toyota on Friday unveiled the next generation of cars featuring an auto pilot system that will swerve to avoid collisions and also keep to the middle of the road, all without drivers touching the wheel.The Japanese giant autos using the self-driving technology could be available on the market in just ...

 
Japan pledges funds for Syrian refugees
1 Oct 2013 15:55

Japan pledges funds for Syrian refugees

The Japanese government announced Monday that it would provide $43.4 million in emergency aid to displaced Syrians inside the country and refugees abroad. Of the aid, $8.2 million will be given to the Lebanese government to be spent on Japanese-made medical equipment and emergency supplies. Another ...

 
Japan approves $5 billion development loan for Myanmar
27 Sep 2013 14:30

Japan approves $5 billion development loan for Myanmar's growth

Japan has provided Myanmar with an annual, low-interest development loan of US $5 billion (nearly Ks 5 trillion) as part of a 40-year development plan to assist the country's growth, sources say.The loan, at a rate of 0.01 per cent per annum, is set at a lower interest rate than for a recently-approved ...

 
Apple ordered to pay over 300 m. yen for patent infringement
27 Sep 2013 14:27

Apple ordered to pay over 300 m. yen for patent infringement

Tokyo District Court ordered the Japanese unit of Apple Inc. to pay 336 million yen in compensation to a Tokyo-based software developer for violating the developer's patented technology.In the lawsuit, the software developer, based in the Tokyo city of Mitaka, demanded 10 billion yen from the unit of ...

 
Turkey picks Chinese firm for missile system
27 Sep 2013 14:25

Turkey picks Chinese firm for missile system

Turkey has chosen Chinese defence firm CPMIEC to co-produce a $4 bn long-range air and missile defense system, rejecting rival bids from Russian, US and European firms.The Turkish defence minister announced the decision in a statement on Thursday.Turkey, which is a member of the NATO military alliance,...

 
U.S. pledges $8.7 million for Lebanese Army
25 Sep 2013 07:24

U.S. pledges $8.7 million for Lebanese Army

U.S. President Barack Obama said Tuesday his country will give $8.7 million to support the Lebanese Army during a meeting with President Michel Sleiman on the sidelines of the U.N. General Assembly in New York.Obama said the financial aid was aimed at helping the military protect its borders against ...

 
Britons take out loans for food: Survey
20 Sep 2013 15:56

Britons take out loans for food: Survey

Millions of British households are taking out loans to pay for food and basic living essentials, a new survey has found.Circle Housing Group’s survey of more than 2,000 families in Britain revealed that one in five adults, about 10 million, take out loans to put food on the table.The study also ...

 
US trade deficit jumps 13.3 percent in July
4 Sep 2013 21:12

US trade deficit jumps 13.3 percent in July

The US trade deficit with other nations surged 13.3 percent in July, partly reflecting higher oil prices and a rise in imports of autos and auto parts.The trade gap widened to a seasonally adjusted $39.1 billion from a revised $34.5 billion in June, the Commerce Department said Wednesday.Economists ...

 
Ignore US ire, import Iran oil to save $8.5bn, Veerappa Moily suggests
2 Sep 2013 16:51

Ignore US ire, import Iran oil to save $8.5bn, Veerappa Moily suggests

The Manmohan Singh government will have to tread on a diplomatic tightrope with oil minister M Veerappa Moily suggesting India may save nearly $8.5 billion (around Rs 57,000 crore) by importing cheaper crude from Iran which faces UN sanctions in the wake of its nuclear programme.In a note to Prime Minister ...

 
Kolkata college boy builds a drone, wants army to take a look
25 Aug 2013 16:18

Kolkata college boy builds a drone, wants army to take a look

Most boys his age would be happy with a bike. A car would be a dream. But Subhanjan Saha owns a drone. Better still, the 21-year-old 'technopreneur' has built it himself and claims to have outdone similar campus innovations inspired by Joy Lobo's flying spy camera in '3 Idiots'.Saha's drone is the product ...

 
China bans more New Zealand dairy products on new contamination scare
19 Aug 2013 22:55

China bans more New Zealand dairy products on new contamination scare

More New Zealand milk products sold to China have been banned after elevated levels of nitrates were found, raising further concerns over quality and testing in the world's largest dairy exporter in the wake of a contamination scare earlier this month.New Zealand's agricultural regulator said on Monday ...

 
Ukrainians burn Russian goods in protest of import ‘Block’ – Report
17 Aug 2013 17:29

Ukrainians burn Russian goods in protest of import ‘Block’ – Report

Ukrainian protestors burned Russian-made goods outside the embassy in Kiev on Friday in a rally against what a prominent Ukrainian trade federation has called the Russian Customs Service’s “blocking” of imports from Ukraine, local media reported.The Federation of Employers of Ukraine, which ...

 
US, Israel discussing surge in US military aid
17 Aug 2013 17:26

US, Israel discussing surge in US military aid

US and Israeli officials are discussing a surge in the US military aid to Israel as the two sides are in negotiations over a new 10-year military aid package.Under an existing aid agreement between Washington and Tel Aviv signed in 2007, $30 billion of American taxpayers’ money is currently flowing ...

 
Israel waives US
6 Aug 2013 16:41

Israel waives US 'Iron Dome' funding

Despite pledges by US President Barack Obama and key congressional leaders to shield the Israeli Iron Dome from sequestration cuts, Israel has offered to waive funding protection, reports Defense News, which says Israel has been “insisting it should bear its share of the burden.”“Our position ...

 
China bans all NZ milk powder imports - NZ trade minister
4 Aug 2013 16:24

China bans all NZ milk powder imports - NZ trade minister

China has halted the import of all New Zealand milk powder after bacteria that can cause botulism was found in some dairy products, New Zealand\'s trade minister said on Sunday.Global dairy trade giant Fonterra said on Saturday it had sold contaminated New Zealand-made whey protein concentrate to eight ...