Tags Economy

Tag: economy

Russia’s Economic Challenges Amid Ukraine Conflict: An Analysis

The European Union (EU) has recently implemented its tenth set of sanctions against Russia and its supporters...

COVID-19 leaked from Wuhan Institute of Virology: US intelligence report

A report by U.S. intelligence states, in November 2019, three researchers from Beijing’s Wuhan Institute of Virology...

Europe’s biggest economy stands up to Chinese belligerence

In a significant development, Germany, long considered Europe’s diplomatic dwarf, has raised the banner for a...

French government maintains defense budget despite coronavirus-induced economic pressures

Secretary of Defense Jim Mattis meets with Florence Parly, France’s minister of defense, at the Pentagon in Washington, D.C., Oct. 20,...

Italy eyes investing in U.S. Future Vertical Lift helicopter initiative

Italy is weighing options to use funds handed over by the European Union to mitigate the impact...

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Saab Partners With Canadian Firms for Gripen Fighter Jet Production

Saab has partnered with CAE, IMP Aerospace and Magellan Aerospace to prepare for potential Gripen E fighter jet production in Canada. The proposal comes as the Canadian government reviews its F-35 purchase and explores options to strengthen domestic defence manufacturing.

Helsing Contra Air Defense System Targets Fast Drones

German defence company Helsing has unveiled Contra, an AI-coordinated air defence system combining Inferno and Ambush interceptor missiles. Designed to counter fast-moving attack drones, the system aims to keep interception costs below $100,000 per shot, with market readiness expected in late 2027.

Leonardo and Rheinmetall Secure $4.16 Billion Italian Army Contracts

Italy’s Leonardo and Germany’s Rheinmetall have reportedly won two contracts worth a combined $4.16 billion from the...

Denmark Plans Long-Range Strike Missile Acquisition

Denmark intends to procure two types of long-range precision-strike missiles, one launched from aircraft and the other...