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Israel's military beats defense cuts by selling high-value land

TEL AVIV, Israel, Sept. 23 (UPI) -- Israel's Defense Ministry has found a novel way of overcoming cuts in military spending: selling off state-owned land in the vast Tel Aviv urban conurbation whose value has gone through the roof of late and moving military bases into the Negev Desert to the south.

Japan's July trade deficit soars despite higher exports

TOKYO, Aug. 18 (UPI) -- Japan's trade deficit in July soared to 1.02 trillion yen ($10.5 billion) year-on-year due largely to surging imports, the government reported Monday.

Greek villagers force tax inspectors to leave town

ARCHANON, Greece, Aug. 7 (UPI) -- Greek tax officials have ordered a one-month closure of a tavern in a town where tax inspectors were driven out by angry locals.

EU holding back on Greek bailout

ATHENS, Greece, July 24 (UPI) -- The European Union said Wednesday it would delay a vote for two days on whether or not to release the next tranche of international aid to Greece.
PM Singh says India going through difficult period but urges optimism

PM Singh says India going through difficult period but urges optimism

NEW DELHI, July 19 (UPI) -- Prime Minister Manmohan Singh said Friday the Indian economy is going through a difficult period but urged business leaders to avoid negative sentiments.

IMI develops air-launched missile that sounds familiar

TEL AVIV, Israel, July 9 (UPI) -- Israel Military Industries, one of the Jewish state's leading defense companies, has completed development of its long-range MARS precision air-launched rocket, which appears to have capabilities similar to the missiles the air force reportedly used to hit targets in Syria in May.

Russia charges former Moscow official with stealing $320 million

MOSCOW, July 9 (UPI) -- Former Moscow regional finance minister Alexei Kuznetsov has been charged with stealing nearly $320 million, Russian investigators announced over the weekend.

Japan records 4th straight month of current account surplus

TOKYO, July 7 (UPI) -- Japan recorded a current account surplus of 540.7 billion yen ($5.32 billion) in May, its fourth straight month in the black, the government said Monday.

Dismissed ERT workers in Greece occupying building

AGHIA PARASKEVI, Greece, June 23 (UPI) -- Former staff of Greek state broadcaster ERT, which was shut down this month, refused to leave its premises and issued pirate broadcasts.

Indonesia to raise subsidized fuel prices

JAKARTA, June 19 (UPI) -- Indonesia's government plans to raise its subsidized fuel prices.

Indonesians protest suggested rise in subsidized gas prices

JAKARTA, June 17 (UPI) -- The Indonesian House of Representatives met Monday to discuss raising the price of subsidized gasoline, prompting protests by those against the measure.

Rupee sinks to all-time low against U.S. dollar

NEW DELHI, June 10 (UPI) -- The Indian rupee, sliding since May, fell to a record low against the U.S. dollar on concerns about what an official called a "large current account deficit."

Germany to pay nearly $1 billion for Holocaust survivor care

JERUSALEM, May 30 (UPI) -- The German government agreed to pay nearly $1 billion for the care of Holocaust survivors in a deal reached with a fund for Jewish victims, officials said.

Japan net foreign assets total $2.9 trillion in 2012

TOKYO, May 28 (UPI) -- Japan's net foreign assets last year totaled $2.9 trillion, up 11.6 percent from 2011, the government reported Tuesday.

Japan April trade deficit hit record $8.57B

TOKYO, May 21 (UPI) -- Japan posted a record trade deficit of 879.93 billion yen ($8.576 billion) for April as a lower yen pushed import costs higher, the government said Wednesday.
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