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  • NEW DELHI, Feb 28- India announced on Saturday a modest 7.9 percent increase in defence spending for the fiscal year starting April 1, suggesting that it will move only gradually with the military's long wish list for fighter jets, ships and artillery. After years of neglect, India is trying to narrow the military gap with China, which has been building up its fleet...

  • Pence: 'Dramatically increase' defense spending Friday, 27 Feb 2015 | 9:49 PM ET

    OXON HILL, Md.— Indiana Gov. The Republican state executive, who is considering a 2016 presidential bid, told conservatives that the next race for the White House would likely center on foreign policy for the first time in more than three decades. "With everything happening in the world, it is imperative, my fellow conservatives, that conservatives again embrace...

  • WASHINGTON, Feb 27- The Air Force urgently needs a new long-range bomber to replace its aging fleet and will keep costs at or below a $550 million cap for each warplane, top U.S. officials told lawmakers on Friday. Air Force Secretary Deborah James said the Air Force understood that runaway costs had to be contained, and noted that a sharp reduction from the planned...

  • Demir also said Turkey was in contact with Russia regarding the project but there have been no formal talks. NATO member Turkey chose China Precision Machinery Import and Export Corp in 2013 as the preferred bidder, prompting U.S. and Western concern about security and the compatibility of the weaponry with NATO systems. Turkey's defence minister said last...

  • Theodore Hesburgh, former Notre Dame president, has died at 97..

  • Representative Rodney Frelinghuysen, a senior member of the Appropriations Committee in the House of Representatives, chided President Barack Obama for proposing a $534 billion Pentagon base budget that "ignores the law" by exceeding federal spending caps by nearly $35 billion. Frelinghuysen told Navy and Marine Corps leaders to submit specific lists of...

  • The report could add to tensions between Washington and Beijing as they negotiate a bilateral investment treaty. China's companies feel they are singled out by Washington, which counters it doesn't discriminate against any country and the increase in reviews of Chinese investors reflects higher investment flows from them. China's Anbang Insurance Group...

  • The report could add to tensions between Washington and Beijing as they negotiate a bilateral investment treaty. Data from the Committee on Foreign Investment in the United States showed the secretive body reviewed 21 investments that were proposed by Chinese firms or individuals in 2013.. A China-U.S. investment treaty could boost the still relatively...

  • SAN FRANCISCO— Gap Inc. reported stronger-than-expected fourth-quarter results on Thursday as sales continued to improve for Old Navy, its largest brand. Analysts expected a profit of 74 cents per share on $4.7 billion in revenue, according to Zacks Investment Research. The company said sales at Old Navy stores open at least a year grew 5 percent for the year,...

  • WASHINGTON, Feb 26- Top U.S. Navy and Marine Corps officials on Thursday told U.S. lawmakers that training and weapons programs would probably be hit hardest if Congress fails to remove budget caps known as "sequestration" that are due to resume in fiscal 2016.. General Joseph Dunford, commandant of the Marine Corps, said the result would be that his military branch...

  • BERLIN, Feb 26- Germany is considering buying more tanks in the light of the Ukraine crisis and Europe's deteriorating relations with Russia, after years of drastic cuts left the military operating with just 75 percent of the heavy equipment it needs. "NATO has set new goals on flexibility and rapid reaction time. Lawmakers on both sides of Germany's right-left...

  • UKRAINE ON THURSDAY TO START WITHDRAWING HEAVY WEAPONS IN EAST UKRAINE- INTERFAX CITES MILITARY.

  • ISMAILIA, Egypt, Feb 26- Egypt's military could help build an industrial hub around a new Suez Canal, the project's manager said, the first suggestion that the armed forces may play an important role in the huge investment venture planned alongside the new waterway. The army began in August digging the new $8 billion canal that President Abdel Fattah al-Sisi, the...

  • Iran blows up mock US warship in defense drill Wednesday, 25 Feb 2015 | 7:27 PM ET
    In this picture released by the Iranian Tasnim news agency on Feb. 25, 2015, a replica of a U.S. aircraft carrier is exploded by the Revolutionary Guard's speedboats during large-scale naval drills near the entrance of the Persian Gulf, Iran.

    During war games, Iran state TV shows missiles hitting a full-scale model of U.S. Navy aircraft carrier. USA Today reports.

  • Homeland Security standoff: The Republican risk Wednesday, 25 Feb 2015 | 10:28 AM ET

    The latest standoff on funding—for the Department of Homeland Security—is riskier for Republicans. CNBC's John Harwood explains.

  • US Army secretary optimistic on relief from budget caps Wednesday, 25 Feb 2015 | 10:26 AM ET

    McHugh said that if the budget caps, known as sequestration, remained in place, U.S. lawmakers would have to make tough decisions about which missions it wanted to Army to abandon. If sequestration cuts take effect, he said, the Army would try to protect two big weapons programs for new ground vehicles: a Humvee replacement contract due to be awarded this year, and a...

  • WASHINGTON— CORRECTS: US new home sales fell 0.2 percent in January; housing market off to slow start.

  • PARIS, Feb 25- Talks on the sale of 126 Rafale fighter jets to India are advancing, a French defence ministry spokesman said during a visit to India by Defence Minister Jean-Yves Le Drian to salvage a deal stalled on the issue of local assembly of the aircraft. One major sticking point has been over who would be responsible for the manufacturers' guarantee on 108 of...

  • France to begin arms shipments to Lebanon in April Wednesday, 25 Feb 2015 | 4:01 AM ET

    PARIS— France says it will begin shipping $3 billion worth of weapons paid for by Saudi Arabia to the Lebanese army in April. The Defense Ministry says in a statement Wednesday that the deal, first announced in 2013, will supply French armored vehicles, warships, attack helicopters, munitions and communications gear. The deal aims to boost Lebanon's military as...

  • WASHINGTON— Ahead of a looming partial agency shutdown, the head of Homeland Security increased pressure on Congress to fully fund the department, warning that border control security and other counterterrorism efforts will "grind to a halt." Several insisted they could not accept the two-part strategy proposed by Senate Majority Leader Mitch McConnell: a...

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