28 Apr 2016

House panel advances $610 billion spending plan with bigger pay raise, more end strength

“House Armed Services Committee members advanced a $610 billion defense policy bill early Thursday that supporters say will fully fund the military’s needs and critics blasted as another budgeting gimmick that creates more problems than it solves.” Source: House panel advances $610 billion spending plan with bigger pay raise, more

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26 Apr 2016

Saudi Arabia to Overhaul Military in Plan for Life After Oil

“Saudi Arabia’s plans to overhaul every corner of its economy won’t spare the military. The kingdom will put its armaments industry under a holding company as it prepares for a post-oil era. Part of that reboot will seek to meet more of its military needs domestically and diversify its economy,

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22 Apr 2016

Venezuela cuts power for four hours a day to save energy

“Venezuela is introducing power cuts of four hours a day from next week to deal with a worsening energy crisis.” Source: Venezuela cuts power for four hours a day to save energy – BBC News

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22 Apr 2016

Cost of ISIS war passes $7 billion

“The cost of the war against the Islamic State in Iraq and Syria (ISIS) has surpassed $7 billion, according to a Pentagon estimate released Thursday. “ Source: Cost of ISIS war passes $7 billion | TheHill

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12 Apr 2016

China Goes Prospecting for World’s Gold Mines

“Chinese gold miners are aggressively scouting for overseas acquisitions, encouraged by historically low gold prices that could help them scoop up assets cheaply. Though gold prices have risen by more than 16% since hitting a six-year low in December, the metal has still been trading close to levels last seen

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08 Apr 2016

Nigeria fuel crisis: Why is Africa’s largest oil producer short of petrol?

“Despite being one of the world’s biggest oil producers, Nigeria imports most of its fuel and is currently facing a severe shortage.” Source: Nigeria fuel crisis: Why is Africa’s largest oil producer short of petrol? – BBC News

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05 Apr 2016

Global Military Spending Grows For First Time Since 2011

“Global military expenditures topped $1.6 trillion in 2015, an increase of about 1 percent from the previous year, according to a new report by the Stockholm International Peace Research Institute (SIPRI).” Source: Global Military Spending Grows For First Time Since 2011

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03 Apr 2016

Revealed: the $2bn offshore trail that leads to Vladimir Putin

“A network of secret offshore deals and vast loans worth $2bn has laid a trail to Russia’s president, Vladimir Putin. An unprecedented leak of documents shows how this money has made members of Putin’s close circle fabulously wealthy. Though the president’s name does not appear in any of the records,

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28 Mar 2016

China launders cash of foreign criminals

“Scam artists, drug cartels and gangs from around the world have found a new haven for laundering money: China. The country’s well-developed underground financial networks have caught the attention of foreign criminals who are using China to clean their dirty money and pump it back into the global financial system

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28 Mar 2016

Japan’s NTT Data agrees to buy Dell’s IT services unit for $3 billion

“Japan’s NTT Data Corp (9613.T) said on Monday it has agreed to buy Dell Inc’s information technology consulting division for over $3 billion to expand in North America and bolster its services business. The move will allow U.S. computer maker Dell to trim some of the $43 billion in debt

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