As the U.S. Senate prepares to take up its version of the Fiscal 2017 National Defense Authorization Act in the coming weeks, gaps exist between White House and Congressional proposals for ship and aircraft building, as well as for the future organization of the Defense Department. Neither the Senate bill, ... Read More »
Australia has received State Department approval for acquisition of as many as 80 SM-2 missiles through the U.S. Foreign Military Sales program. The U.S. Defense Security Cooperation Agency, which manages the program, said the possible deal carries a total value of $302 million and would include vertical launch canisters for ... Read More »
Lithuania is to hold talks with Norway on procuring the Norwegian Advanced Surface to Air Missile System. The decision on talks for the medium-range defense system was made late last week by the Lithuanian Ministry of National Defense. “We have decided to open negotiations with the Norwegian government on possible ... Read More »
Food manufacturer General Mills on Tuesday announced a voluntary recall of more than 10 million pounds of flour due to concern over a recent E. coli outbreak possibly involving several of the company’s brands. The Minnesota-based company announced that the recall involves the Gold Medal, Wondra and Signature Kitchens brands ... Read More »
Boeing Co (BA.N) is set to win a 2-billion-pound ($2.92 billion) contract from the UK Ministry of Defence (MoD) for new Apache helicopters, the Telegraph reported. The MoD has decided to give Boeing a 50-aircraft contract, including servicing, and the announcement could come as early as July, the newspaper said. ... Read More »
St. Louis Federal Reserve President James Bullard said on Monday global markets appear to be “well-prepared” for a summer interest rate hike from the Fed, although he did not specify a date for the policy move. “My sense is that markets are well-prepared for a possible rate increase globally, and ... Read More »
European shares hit one-month highs on Monday, while the dollar index rose to a two-month peak after Federal Reserve Chair Janet Yellen suggested that an interest rate hike in the United States may be around the corner. The Fed should raise rates “in the coming months” if growth picks up ... Read More »
The variety of oil and herbal gas drilling permits issued with the aid of Texas regulators in April changed into lower 12 months-on-12 months by using 20 percentage, kingdom statistics display. The Railroad fee of Texas stated it issued 683 authentic drilling permits in April, in comparison with 848 from ... Read More »
Not one of the infrastructure in Alberta, domestic to some of the biggest oil deposits within the global,become damaged through raging wildfires, the government stated. Alberta premier Rachel Notley met with greater than a dozen pinnacle executives to review the situation infortress McMurray, home to some of the most important ... Read More »
Swedish strength corporation Lundin Petroleum stated there’s no question the industry is below stress,but pressured its belongings offshore Norway must spur healing. “there may be absolute confidence in my mind that this ultimate region has been a hard and on thesame time a splendid one, in which we have laid ... Read More »
Iranian tankers are expected to begin handing over crude oil to port cities feeding the europeanmarketplace in much less than a month, a commercial director stated. Sanctions pressures on Iran started easing in January after the United countries confirmed compliance with a multilateral nuclear settlement brokered closing year. underneath President ... Read More »
office Depot and Staples, the largest U.S. workplace suppliers, on Tuesday canceled plans to merge after a federal judge sided with the Federal trade fee over antitrust concerns. U.S. District choose Emmet Sullivan blocked the $6.three billion deal because the FTC met the “burden ofshowing that there is an inexpensive ... Read More »
