Mounting tensions with China and the conflict in Ukraine have prompted the Pentagon to create a special task force to facilitate arms sales to Washington’s allies, a senior US defense official has told the Wall Street Journal. The so-called “Tiger team” was put together in August to look for ways …
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The Biden administration sent formal notifications to the US Congress on Friday of the intent to sell radars, anti-ship and anti-aircraft missiles to Taiwan. The total value of the equipment and maintenance contracts adds up to just over $1.1 billion. This is the fifth – and the largest so far …
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The US State Department greenlit a potential sale of 300 Patriot missiles and related equipment to Saudi Arabia to bolster its defenses for an estimated cost of $3.05 billion, the Defense Security Cooperation Agency said on Tuesday. The agency said that the kingdom requested to buy 300 Raytheon Technologies-made MIM-104E …
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Shipments of Russian oil to India exceeded 396,000 tons in March, according to the Ministry of Commerce. That is more than a 15% rise from the previous month and a 40% increase on an annual basis. Overall, India has imported 56.7 million tons of Russian oil since the start of …
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President Joe Biden’s administration has canceled three offshore oil and natural-gas lease sales, including one in Alaska, diminishing prospects for new sources of supply even as record gasoline prices help keep the US inflation rate at a 40-year high. The US Department of the Interior (DOI) announced the decision on …
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Russia’s state-run oil giant Rosneft has reportedly sold a large shipment of crude to India as the South Asian nation keeps boosting energy imports from the sanctions-hit country. Indian Oil Corp (IOC), the country’s top refiner, purchased 700,000 tons of Russian Urals crude, two traders familiar with the matter told …
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Following the calls from Poland and the Baltic states, the European Union has quietly deleted a sanctions exemption that had allowed EU weapons manufacturers to do business with Russia, Reuters reported on Thursday citing anonymous officials. Brussels blocked the export of arms and ammunition to Russia in July 2014, citing …
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Facebook’s parent company Meta Platforms will charge creators around 47.5% on sales of digital assets and experiences made inside the firm’s virtual reality platform Horizon Worlds. Meta spokesperson confirmed to CNBC on Wednesday that the overall charge is comprised of a 30% hardware platform fee for sales made through Meta …
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The makers of iPhone and iMac computers rolled out a series of measures on Tuesday in reaction to the “Russian invasion of Ukraine,” including disabling some software features, censoring apps, and halting sales and certain services inside Russia. In a statement on Tuesday afternoon, Apple said it had already stopped …
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Tesla investor David Wagner filed a lawsuit with the Delaware Court of Chancery on Thursday, calling for access to Tesla’s internal documents relating to Musk’s tweets that mention the company. Most notably, the investor wants access to records on Musk’s November 6 poll in which he asked his followers whether …
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