Investments

Tuesday, May 10th 2022 - 09:47 UTC
UK defense contracts worth more than £2bn awarded for Dreadnaught nuclear submarines program

United Kingdom Defense contracts worth more than £2bn have been awarded to BAE Systems and Rolls-Royce to begin the third major phase of the future submarine nuclear deterrent program, Dreadnought. With the overall program supporting around 30,000 jobs across the UK, from design through to build, Delivery Phase 3 (DP3) represents the most significant stage of the Dreadnought program so far.
Friday, May 6th 2022 - 09:49 UTC
Despite record profits, Maersk warns of stagflation and Chinese factory closures

Møller-Maersk has warned of growing economic risks including potential stagflation and Chinese factory closures even as the world’s largest container shipping group by profits reported a record quarter.
Thursday, May 5th 2022 - 09:41 UTC
Maradona's iconic shirt sold to last-minute bidder for £ 7,142,500

The Argentine national team jersey worn by Diego Maradona against England in the 1986 Mexico football World Cup finals has been auctioned off Wednesday for £ 7,142,500 after nearly ten bids.
Thursday, May 5th 2022 - 09:32 UTC
Argentine Air Force picks new helicopter model for purchase

Argentina's Air Force Chief Brigadier General Xavier Isaac has confirmed Bell 407 helicopters had been chosen as replacements for the aging Lamas, according to a report published by the Pucará.org website.
Thursday, April 28th 2022 - 09:30 UTC
Chile's domestic built icebreaker is 59% completed, Navy reports

Chile's first domestic built icebreaker, as part of the “Antarctica Project I”, will enable the country's navy to fulfill multiple logistic tasks, research operations, supply Antarctic bases and stations, having the capacity to sail in one-meter thick ice.
Wednesday, April 27th 2022 - 08:13 UTC
Construction of the first of five Type 31 frigates has started in Scotland

The construction of the first of five new Royal Navy Type 31 frigates is now underway in Scotland. In the brand-new assembly hall in Rosyth dockyard, the keel of HMS Venturer was laid in a formal ceremony marking the construction beginning for the ship.
Tuesday, April 26th 2022 - 09:40 UTC
UK named world's fourth-biggest Defense spender in 2021, SIPRI report

A new report says the UK moved into the world's top five military spenders in 2021 as the US remains the biggest spender by some distance. The annual report by the Stockholm International Peace Research Institute (SIPRI) also revealed that for the first time ever, global military expenditure exceeded US$ 2 trillion.
Tuesday, April 26th 2022 - 09:30 UTC
Liberation of South Georgia: 40th Anniversary stamp set

In 1982, the island of South Georgia experienced the only armed conflict in its history. Forty years on, the Government of South Georgia & the South Sandwich Islands (GSGSSI) commemorates the conflict and reflects on the progress of the island since the time of the Falkland Islands conflict.
Monday, April 25th 2022 - 20:45 UTC
Elon Musk reaches deal to buy over Twitter

Billionaire Elon Musk Monday agreed to buy over 100% of Twitter for US$44 billion, at a value of US$ 54.20, the company announced in a press release.
Monday, April 25th 2022 - 09:39 UTC
Falklands War: HMS Sheffield memorial to be unveiled at the National Arboretum

A memorial marking the 40th anniversary of the sinking of the Royal Navy destroyer HMS Sheffield during the Falklands War will be inaugurated next month at the National Memorial Arboretum.