President Ilham Aliyev shares key messages in Washington interview
President of the Republic of Azerbaijan Ilham Aliyev gave an interview to a select group of Azerbaijani journalists in Washington on August 8, includi...
The Philippines has inked a $700 million agreement with South Korea's KAI to acquire 12 advanced FA-50 fighter jets by 2030, enhancing its military capabilities amid regional tensions.
A South Korean defense firm has inked an agreement with the Philippines Defense Ministry to provide 12 FA-50 light attack fighters by 2030, Yonhap News reported on Wednesday, citing the state arms procurement agency. The Korea Aerospace Industries (KAI) signed the $700 million agreement on Tuesday, one year after another deal to supply 12 FA-50s.
South Korean Minister of Defense Acquisition Program Administration (DAPA) Seok Jong-gun and Philippine Defense Secretary Gilberto Teodoro had discussed arms industry cooperation in Manila in March. Seoul signed approximately $3 billion worth of arms deals with the Philippines over the last decade, including fighter jets, frigates, and corvettes, making Manila South Korea's largest arms trade partner in Southeast Asia. "The deal to supply additional FA-50 aircraft is expected to contribute to expanding bilateral military exchanges, as well as stabilizing security in Southeast Asia," DAPA said.
So far, the fighter jet has been exported to six countries: Indonesia, Iraq, Malaysia, Poland, Thailand, and the Philippines, with Malaysia signing the most recent deal for 18 jets in 2023. The FA-50 is an advanced version of the KAI T-50 Golden Eagle, the first South Korean supersonic advanced jet trainer, light combat aircraft, and light fighter. The KAI collaborated with Lockheed Martin of the US to develop it.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
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Chinese automaker Chery has denied an industry-ministry audit that disqualified more than $53 million in state incentives for thousands of its electric and hybrid vehicles, insisting it followed official guidance and committed no fraud.
U.S. President Donald Trump announced on Friday that he will meet Russian President Vladimir Putin in Alaska on 15 August to negotiate an end to the conflict in Ukraine. The summit, confirmed by the Kremlin, is expected to focus on a long-term peaceful resolution.
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A fire broke out at Cordoba’s historic mosque-cathedral on the night of 8 August but was swiftly extinguished, preventing damage to one of Spain’s most treasured architectural landmarks.
The Canadian government announced Friday it will join key allies in reducing the price cap on Russian seaborne crude oil in response to Moscow’s ongoing war in Ukraine.
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