The Business Times

Weapons

International

World faces new nuclear arms race, researchers warn

A F35 fighter jet of the Royal Netherlands Air Force in Amari, Estonia, Dec 16, 2024. The United States consolidated its position as the world’s top weapons exporter - accounting for 43 per cent of global exports - far ahead of the second largest, France, which accounted for 9.6 per cent.
International

Europe’s dependence on US arms rose in last five years: report

Taiwan’s defence ministry expects the sales to “take effect” within a month and that the equipment will help maintain the F-16 fleet’s readiness and “build up a credible defense force”.
International

US approves US$385 million arms sale to Taiwan

KNCA reported that Korean leader Kim Jong Un blasted the recent decision by Western powers to permit Kyiv to strike inside Russia with their weapons.
International

North Korea's Kim, Russian minister agree to boost military ties

Firefly's small-launch vehicle, Alpha, will fly Lockheed’s spacecraft and payload into low-Earth orbit from its facilities on west and east coasts.
Transport & Logistics

Lockheed Martin lifts profit, sales forecasts on strong weapons demand

Over the past month, the MSCI Consumer Staples index has seen a notable increase of 3.92 per cent, significantly outpacing the 1.35 per cent gain of the MSCI World index.
Global Enterprise

Global defensive sector funds see surge in inflows on slowdown fears

A standard missile fires off a Patriot PAC-2 surface-to-air missile system during a military drill in Pingtung, Taiwan August 20, 2024. Reuters TV via REUTERS
International

US won't rule out joint weapons production with Taiwan, diplomat says

Military personnel stand guard as hundreds of refugees crossed over the river frontier between Myanmar and Thailand on Friday following the fall of a strategic border town to rebels fighting Myanmar's military junta, in Mae Sot, Tak province, Thailand, April 13, 2024. REUTERS/Athit Perawongmetha
International

Thai central bank to investigate Myanmar weapons payments

The signage for Bank of Thailand at the central bank complex that houses the learning center, museum and offices in Bangkok, Thailand, on Friday, March 29, 2024. Thailand’s Prime Minister Srettha Thavisin urged the central bank again to cut interest rate, citing the “fragile” state of the economy and a string of negative inflation readings in recent months. Photographer: Andre Malerba/Bloomberg
Banking & Finance

Thai banks admit lack of capacity to investigate Myanmar weapon payments

Smoke billows from an area targeted by Israeli bombardment in the Gaza City district of Shujaiya on June 28, 2024, amid the ongoing conflict between Israel and the militant Hamas group. A senior Biden administration official told reporters that Washington has since Oct 7 sent US$6.5 billion worth of security assistance to Israel.
International

US has sent Israel thousands of 907 kg bombs since Oct 7

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