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.
Storm Kristin has killed at least five people and left more than 850,000 residents of central and northern Portugal without electricity on Wednesday (...
Prime Minister Sanae Takaichi's Liberal Democratic Party is likely to increase its number of parliamentary seats and gain a majority in the lower hous...
UK Prime Minister Keir Starmer met Chinese President Xi Jinping in Beijing on Thursday (29 January) for talks he hopes will deepen economic ties, sign...
U.S. President Donald Trump urged Iran on Wednesday (28 January) to come to the table and make a deal on nuclear weapons or the next U.S. attack would...
Life will be particularly tough for Ukrainians over the next three weeks due to plunging temperatures and a compromised energy infrastructure that has...
Storm Kristin has killed at least five people and left more than 850,000 residents of central and northern Portugal without electricity on Wednesday (28 January), as it toppled trees, damaged homes, and disrupted road and rail traffic before moving inland to Spain.
Life will be particularly tough for Ukrainians over the next three weeks due to plunging temperatures and a compromised energy infrastructure that has been pummeled by intense Russian attacks, depriving millions of light and heat, a senior lawmaker said on Wednesday.
U.S. stock markets finished mixed on Wednesday (28 January) as investors reacted calmly after the Federal Reserve left interest rates unchanged, a decision that had been widely expected and largely priced in.
New York City Mayor Zohran Mamdani has called for tax increases on the city’s wealthiest residents and most profitable corporations, warning that the city is facing a fiscal crisis on a scale greater than the Great Recession.
France’s National Assembly has approved a bill banning access to social media for children under 15, a move backed by President Emmanuel Macron and the government as part of efforts to protect teenagers’ mental and physical health.
The S&P 500 edged to a record closing high on Tuesday, marking its fifth consecutive day of gains, as strong advances in technology stocks offset a sharp selloff in healthcare shares and a mixed batch of corporate earnings.
Sanctions are a long-used tool designed as an alternative to military force and with the objective of changing governments’ behaviour, but they also end up hurting civilian citizens.
Residents in Syria’s Kurdish-majority city of Qamishli have stepped up volunteer patrols amid growing pressure from the country’s Islamist-led government, expressing deep mistrust of Damascus despite a fragile U.S.-backed ceasefire.
High-level diplomatic consultations were held in Istanbul, Türkiye, on Monday as Ankara seeks to solidify the fragile progress of the Gaza ceasefire and accelerate the delivery of life-saving assistance to the strip.
Prime Minister Sanae Takaichi's Liberal Democratic Party is likely to increase its number of parliamentary seats and gain a majority in the lower house, a preliminary survey by the Nikkei newspaper showed on Thursday (29 January).
UK Prime Minister Keir Starmer met Chinese President Xi Jinping in Beijing on Thursday (29 January) for talks he hopes will deepen economic ties, signalling a potential breakthrough after years of strained relations.
U.S. President Donald Trump urged Iran on Wednesday (28 January) to come to the table and make a deal on nuclear weapons or the next U.S. attack would be far worse. Tehran responded with a threat to strike back against the United States.
Life will be particularly tough for Ukrainians over the next three weeks due to plunging temperatures and a compromised energy infrastructure that has been pummeled by intense Russian attacks, depriving millions of light and heat, a senior lawmaker said on Wednesday.
New York City Mayor Zohran Mamdani has called for tax increases on the city’s wealthiest residents and most profitable corporations, warning that the city is facing a fiscal crisis on a scale greater than the Great Recession.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment