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 will halt its own attacks as long as the United States maintains its pause on strikes, but Tehran remains sceptical of U.S. intentions, a senior ...
Firefighters battled on Sunday to contain wildfires threatening the outskirts of Bordeaux, as authorities expanded evacuation orders and warned the bl...
Rescue teams were searching on Sunday for 17 people still missing after a Vietnamese cargo ship sank in the South China Sea, with 45 crew members resc...
Russian authorities said 11 people, including four children, had been killed by Ukraine in an overnight attack on a holiday camp, accusing Kyiv on Saturday of deliberately targeting civilians.
The U.S. military said it completed a fresh wave of strikes on Iran late on Thursday, marking the 13th consecutive night of American attacks. The latest operation lasted more than two hours, according to U.S. Central Command.
Six candidates vying to become the next United Nations Secretary-General have called for restoring the organisation's credibility, strengthening multilateralism and reforming the UN, during the first public town hall debate ahead of a decisive Security Council vote next week.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 25th of July, covering the latest developments you need to know.
Italian Defence Minister Guido Crosetto recently offered the dismissed Ukraine’s Defence Minister, Mykhailo Federov an adviser role in Italy.
Firefighters battled on Sunday to contain wildfires threatening the outskirts of Bordeaux, as authorities expanded evacuation orders and warned the blazes were spreading rapidly during an intense heatwave across southern Europe.
Rescue teams were searching on Sunday for 17 people still missing after a Vietnamese cargo ship sank in the South China Sea, with 45 crew members rescued since the vessel sent out a distress signal the previous evening.
A Romanian F-16 fighter jet pilot shot down a Russian drone over the Black Sea, the defence ministry said on Sunday. It was the latest in a series of airspace breaches by Russia that Romanian President Nicușor Dan called “inadmissible and intolerable.”
More than 16,000 people have been evacuated from their homes to safety in eastern Spain after a fast-moving wildfire in Castellón province spread beyond the capacity of firefighters to contain it.
One person has died and at least 16 others have been injured after a car drove into crowds during Berlin's annual Christopher Street Day (CSD) Pride celebrations, leading to a major police manhunt. Authorities have released an image of 21-year-old suspect Abdul B, who remains at large.
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