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Oct. 16, 2006 / 3:27 PM

Wal-Mart to buy Chinese hypermarket group

BEIJING, Oct. 16 (UPI) -- Wal-Mart Stores Inc. will spend $1 billion to buy a Chinese hypermarket chain based in Taiwan, The Wall Street Journal reported Monday.

The world's biggest discounter beat archrival Carrefour SA of France in the bidding for Trust-Mart and, assuming Beijing OKs the deal, will own more Chinese hypermarkets than Carrefour.

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Initially, Wal-Mart will buy 31 stores and then, over the following three years, Wal-Mart will acquire the remainder of Trust-Mart's 100 stores as each outlet meets various criteria, including fire code compliance.

Trust-Mart was founded by Taiwanese investors in 1997, has outlets in more than 20 Chinese provinces or districts and has about 30,000 employees.

Austin visits Ukraine, voices U.S. support against Russian aggression

Defense News // 2 years ago

Austin visits Ukraine, voices U.S. support against Russian aggression

Oct. 19 (UPI) -- U.S. Defense Secretary Lloyd Austin said Ukraine continues to have U.S. support against Russian aggression and is free to decide its own foreign policy during a visit to Kyiv Tuesday.

Citing Russian occupation, U.S. signs new defense pact with Georgia

Defense News // 2 years ago

Citing Russian occupation, U.S. signs new defense pact with Georgia

Oct. 18 (UPI) -- U.S. Defense Secretary Lloyd Austin signed a new security agreement with Georgia Monday, seeking to buttress relations with the Black Sea nation as it continues to face Russian troops in two of its regions.

Pentagon orders all civilian employees to be fully vaccinated by Nov. 22

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Army investigating suspected suicides of three Fort Drum soldiers

Defense News // 2 years ago

Army investigating suspected suicides of three Fort Drum soldiers

Sept. 29 (UPI) -- The U.S. Army is investigating the suspected suicides of three soldiers based at New York's Fort Drum.

Four Marines remain hospitalized month after suicide bombing at Afghan airport

Defense News // 2 years ago

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Sept. 24 (UPI) -- Four U.S. Marines remain hospitalized after an attack near Hamid Karzai International Airport in Kabul, Afghanistan, last month as service members were evacuating foreign nationals and refugees.

South Korean firm to supply rapid COVID-19 test kits to U.S. military

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SEOUL, Sept. 24 (UPI) -- South Korean biopharmaceutical firm Celltrion has agreed to supply its DiaTrust rapid COVID-19 test kit to the U.S. military.

Army tests MK-22 Precision Sniper Rifle at Fort Bragg ahead of fielding

Defense News // 2 years ago

Army tests MK-22 Precision Sniper Rifle at Fort Bragg ahead of fielding

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U.S. Navy, Bahrain partner to ramp up unmanned systems use

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U.S. F-16 fighter jets intercept Cessna during U.N. General Assembly

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U.S. Space Force to take over SATCOM operations from Army, Navy

Defense News // 2 years ago

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