Business Defense

  • BAKU, May 15- Azerbaijan on Sunday announced joint military exercises with Georgia and Turkey, plans which are likely to raise tensions with neighboring Armenia a day before talks in Vienna over the breakaway region of Nagorno-Karabakh. The territory, which lies inside Azerbaijan but is controlled by ethnic Armenians, has run its own affairs with heavy...

  • Chinese dredging vessels are purportedly seen in the waters around Mischief Reef in the disputed Spratly Islands in the South China Sea in this still image from video taken by a P-8A Poseidon surveillance aircraft provided by the United States Navy May 21, 2015.

    The U.S. estimates that China's reclamation work had added more than 1,300 hectares of land on disputed islands in the South China Sea.

  • HMS Vengeance departs for Devonport prior to re-fit on Ferbruary 27, 2012 off the coast of Largs, Scotland.

    Replacing Trident, the U.K.'s nuclear weapons system, will cost "at least" £205 billion according to the CND.

  • BAKU, May 13- An Azeri soldier was killed on Thursday near the breakaway territory of Nagorno-Karabakh which is controlled by Armenian-backed separatists, Azerbaijan's Defence Ministry said in a statement on Friday.

  • U.S. Secretary of Defense Ash Carter

    Secretary of Defense Ash Carter said the U.S. needs to change one key thing if it's going to maintain its security and defeat its enemies.

  • Raytheon's cruise missile Tomahawk.

    Secretary of Defense Ash Carter speaks to CNBC's Josh Lipton about the government's Defense Innovation Unit to improve the country's security with the help of Silicon Valley.

  • *Indonesia to buy small number of A400M aircraft. *Indonesia agrees to buy 8 Russian Sukhoi Su-35 jets. JAKARTA, May 11- Indonesia plans to purchase some Airbus A400M military transport aircraft, its defense minister told Reuters on Wednesday, in a potential boost to Europe's largest defense project.

  • JAKARTA, May 11- Indonesia plans to purchase some Airbus A400M military transport aircraft, the defence minister told Reuters on Wednesday, in a potential boost to Europe's largest defence project. "I have a plan to buy A400s from Europe... but just a small number. Indonesia had initially planned to buy around a dozen of the Russian jets to replace its ageing Northrop...

  • WASHINGTON, May 10- The U.S. Navy has sent Lockheed Martin Corp three requests to correct problems, including propulsion-related issues, with the Littoral Combat Ship program dating back to May of last year, a Navy spokesman said on Tuesday. Navy officials, however, say the costs have fallen sharply and the ships are performing well. Navy spokesman Dale Eng said in a...

  • YENAGOA, Nigeria, May 10- Gunmen killed two policemen in Nigeria's oil-producing Niger Delta as they slept in a security post on Monday evening and three soldiers were killed in a second attack, police and the army said. The raids took place a day after five police officers were shot dead in the same region. The violence has pushed Nigeria's crude output near to a 22-...

  • President Obama weighs lifting Vietnam's arms ban

    Obama is weighing calls to forge closer military relations with Hanoi against concerns over its poor human rights record.

  • May 9- Gap Inc reported a decline in sales for the fifth straight quarter due to weak demand for its Banana Republic and Old Navy brands as the apparel retailer struggles to woo back shoppers it has lost to fast-fashion retailers. While sales have been falling at the company's Banana Republic and Gap brands, recent declines at Old Navy pose a bigger challenge for...

  • Soaring going up

    Defense stocks are going up, and the election may keep them that way.

  • May 9- Apparel retailer Gap Inc reported lower-than-expected quarterly sales at established stores, hurt by weak demand for its Banana Republic and Old Navy brands. Comparable sales at Banana Republic stores fell 11 percent- the fifth straight quarterly decline- as the brand continued to struggle to attract shoppers. Sales at Old Navy, a bright spot in recent...

  • 'Trump-proof' portfolios

    Gillian Tett, Financial Times U.S. Managing Editor, discusses how to look at investing in the possible world of a Donald Trump presidency.

  • Russia shows off military hardware at parade

    The annual Victory Day parade commemorates Russia's victory over Nazi forces in World War II.

  • Defense spending about HOW we spend it: William Cohen

    Former U.S. Defense Secretary William Cohen, discusses the state of the U.S. defense and whether the nation needs additional funds. And former U.S. Defense Secretary Chuck Hagel, discusses the impact of sequestration on the military. The national debt is also a national security threat, says Cohen.

  • Can Iran be trusted?

    Former U.S. Defense Secretary Chuck Hagel, shares his views on the U.S.-Iran nuclear deal.

  • US's role in 'new world order': Chuck Hagel

    We have a clear interest in a stable, secure world, says former U.S. Defense Secretary Chuck Hagel, providing insight to changes taking place in the world amid growing global threats and ahead of the U.S. presidential election.

  • North Korea congress agrees to strengthen nuclear weapons capability

    The official state news agency reports the country will ramp up its self-defense nuclear weapons capability both 'in quality and quantity.'

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