Weapons
World faces new nuclear arms race, researchers warn
[STOCKHOLM] Most of the world’s nuclear-armed states continued to modernise their arsenals last year, setting the stage for a new nuclear arms race, researchers warned Monday.
Europe’s dependence on US arms rose in last five years: report
[STOCKHOLM] Nato countries in Europe more than doubled their arms imports in the past five years, more than 60 per cent of which were purchases of US weaponry, researchers on Monday.
US approves US$385 million arms sale to Taiwan
THE US State Department has approved the potential sale of spare parts for F-16 jets and radars to Taiwan for an estimated US$385 million, the Pentagon said on Friday, a day before Taiwan President La...
North Korea's Kim, Russian minister agree to boost military ties
RUSSIAN Defence Minister Andrei Belousov met with North Korean leader Kim Jong Un and agreed to boost military cooperation between the two isolated nations, Pyongyang state media said Saturday (Nov 30...
Lockheed Martin lifts profit, sales forecasts on strong weapons demand
The company now expects per-share profit of US$26.65 for 2024, above its earlier forecast of US$26.10 to US$26.60
Global defensive sector funds see surge in inflows on slowdown fears
GLOBAL defensive sector funds are in demand from investors as concerns about a slowdown in the US economy forces them to seek assets such as consumer staples and utilities stocks that can withstand we...
US won't rule out joint weapons production with Taiwan, diplomat says
The US is Taiwan’s most important international supporter and arms supplier
Thai central bank to investigate Myanmar weapons payments
Five commercial banks in Thailand had been crucial in facilitating the transactions
Thai banks admit lack of capacity to investigate Myanmar weapon payments
Companies registered in Thailand utilised Thai banks to transfer weapons and related materials worth US$120 million in the 2023 fiscal year to Myanmar
US has sent Israel thousands of 907 kg bombs since Oct 7
THE Biden administration has sent to Israel large numbers of munitions, including more than 10,000 highly destructive 907 kg bombs and thousands of Hellfire missiles, since the start of the war in Gaz...
