U.S. President Donald Trump said he will stop defence contractors from paying dividends or buying back shares until weapons production speeds up, criticising the industry for delays and high costs.
Trump also called executive pay “exorbitant and unjustifiable” and proposed a $5 million cap, far below current levels, while urging companies to build new production plants to deliver and maintain military equipment more efficiently.
Shares of defence firms fell after Trump’s remarks, reversing gains following recent high-profile U.S. military operations, including the capture of Venezuelan President Nicolás Maduro and his wife.
Trump did not provide details on how limits on dividends or buybacks would be enforced.
Programmes such as Lockheed Martin’s F‑35 fighter jet and Northrop Grumman’s $140 billion Sentinel missile system have faced delays and cost overruns, highlighting industry challenges.
Iran and the U.S. have received a Pakistan-led ceasefire proposal, which Tehran has said is under review. The offer comes amid heightened tensions ...
A new proposal to end hostilities between the United States and Iran could come into effect as soon as Monday, ...
The United Arab Emirates has warned that any settlement between the United States and Iran must guarantee free passage through the Strait of Hormuz...
North Korea's test of a solid-fuel rocket engine is intended for intercontinental ballistic missiles (ICBM) bu...
Hungarian Prime Minister Viktor Orbán called an emergency defence council on Sunday (5 April) after powerful explosives were discovered near...
Iran and the U.S. have received a Pakistan-led ceasefire proposal, which Tehran has said is under review. The offer comes amid heightened tensions after Trump’s Hormuz threat and an Iranian missile strike on Israel that killed two people on Sunday. The U.S. has yet to react to the proposal.
A new proposal to end hostilities between the United States and Iran could come into effect as soon as Monday, potentially reopening the vital Strait of Hormuz, a source familiar with the plan said on Monday.
The United Arab Emirates has warned that any settlement between the United States and Iran must guarantee free passage through the Strait of Hormuz, the world’s most vital oil route.
North Korea's test of a solid-fuel rocket engine is intended for intercontinental ballistic missiles (ICBM) built with carbon fibre to extend range and allow for delivery of heavier and possibly multiple warheads, South Korean lawmakers said on Monday.
U.S. President Donald Trump threatened Iran's energy and transport infrastructure in a social media post containing expletives on Sunday (5 April), as he seperately gave Iran a deadline of Tuesday to reopen the Strait of Hormuz.
The crew of Artemis II mission are entering a pivotal phase of their journey, as they prepare to swing around the Moon and head back towards Earth. Now on the fifth day of their 10-day mission, the four astronauts are already witnessing views no human has ever seen.
The family of the late Virginia Giuffre have urged King Charles III to meet survivors of sexual abuse during his upcoming state visit to the United States.
Senegal has taken steps to curb government spending by banning non-essential foreign travel for ministers, as rising global oil prices place increasing pressure on the country’s finances.
India has purchased crude oil from Iran for the first time in seven years, as supply disruptions in the Middle East threaten global energy markets.
North Korea's test of a solid-fuel rocket engine is intended for intercontinental ballistic missiles (ICBM) built with carbon fibre to extend range and allow for delivery of heavier and possibly multiple warheads, South Korean lawmakers said on Monday.
Hungarian Prime Minister Viktor Orbán called an emergency defence council on Sunday (5 April) after powerful explosives were discovered near a pipeline in Serbia that carries Russian gas to Hungary.
Russia launched a drone attack on Ukraine's Black Sea port of Odesa overnight on Monday, killing three people, including a child, and damaging infrastructure, residential and administrative buildings, the regional governor said.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 6 April, covering the latest developments you need to know.
At least 70 people are missing and two bodies have been recovered after a boat carrying migrants capsized in the Mediterranean Sea, an Italian NGO said on Sunday (5 April).
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