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U.S. markets recover from steep losses
MADRID, Oct. 19 (UPI) -- Madrid has canceled a $620 million military deal with Venezuela after Washington refused to license U.S. parts that were part of the contract.
"The financial effort needed to adapt to the technological requirements of the (United States) was not worth it," said Miguel Angel Moratinos, Spain's foreign minister.
EADS-Casa was planning on selling 12 transport aircraft to Caracas but the cancellation is likely to increase the South American nation's dependence on Russian and Chinese sources for military equipment, the Financial Times said Thursday.
So far this year U.S. officials have blocked Venezuela's efforts to buy training aircraft from Brazil, modernize F-16 fighters in Israel and buy anti-aircraft devices from Sweden's Bofors.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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MELBOURNE, Fla., May 23 (UPI) --
Northrop Grumman says its Military Airworthiness Certification is closer for its re-engined EC-8 Joint Surveillance Target Attack Radar System aircraft.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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