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.
Britain will introduce a default overnight curfew on social media apps for 16 and 17-year-olds, expanding planned restrictions aimed at reducing the i...
U.S. President Donald Trump announced the reimposition of a U.S. naval blockade on all Iranian ports and warned that power plants and bridges could be...
The United States will complete the withdrawal of its military forces from Iraq by 30 September, Iraqi Prime Minister Ali al-Zaidi announced during a ...
Britain will introduce a default overnight curfew on social media apps for 16 and 17-year-olds, expanding planned restrictions aimed at reducing the impact of excessive screen use on young people.
U.S. President Donald Trump announced the reimposition of a U.S. naval blockade on all Iranian ports and warned that power plants and bridges could be targeted next week unless Tehran returns to negotiations.
The United States will complete the withdrawal of its military forces from Iraq by 30 September, Iraqi Prime Minister Ali al-Zaidi announced during a meeting with President Donald Trump at the White House on Tuesday.
The United States carried out a third consecutive night of airstrikes against Iran, targeting military capabilities around the Strait of Hormuz as Donald Trump announced the reinstatement of a blockade on Iranian shipping and proposed a 20% fee on cargo passing through the strategic waterway.
The United States carried out a third consecutive night of airstrikes against Iran, targeting military capabilities around the Strait of Hormuz as Donald Trump announced the reinstatement of a blockade on Iranian shipping and proposed a 20% fee on cargo passing through the strategic waterway.
President Ilham Aliyev is holding his annual question-and-answer session with international journalists at the 4th Shusha Global Media Forum in Azerbaijan.
The United States and Iran have significantly escalated their conflict, exchanging heavy missile and drone strikes across the Gulf region. Iran claims it has once again closed the Strait of Hormuz, a vital global shipping route.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 13th of July, covering the latest developments you need to know.
An overnight fire at a popular bar in Bangkok has killed at least 30 people and injured 70 others, making it one of the deadliest pub disasters in the Thai capital in recent years. Authorities say the venue quickly filled with thick smoke, trapping patrons inside.
Britain will introduce a default overnight curfew on social media apps for 16 and 17-year-olds, expanding planned restrictions aimed at reducing the impact of excessive screen use on young people.
U.S. President Donald Trump announced the reimposition of a U.S. naval blockade on all Iranian ports and warned that power plants and bridges could be targeted next week unless Tehran returns to negotiations.
A Muslim man was stabbed multiple times at a shopping mall in Utah after a suspect allegedly targeted him because of his religion, according to police.
The United States carried out a third consecutive night of airstrikes against Iran, targeting military capabilities around the Strait of Hormuz as Donald Trump announced the reinstatement of a blockade on Iranian shipping and proposed a 20% fee on cargo passing through the strategic waterway.
The United States has announced a campaign to weaken the International Criminal Court (ICC), describing the tribunal as a threat to American sovereignty and signalling that further sanctions, visa restrictions and diplomatic pressure on allies could follow.
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