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Korean war 'may break out at any moment': North KoreaGeneva (AFP) June 3, 2010 A North Korean diplomat said Thursday that tensions on the Korean peninsula were running so high over the sinking of a South Korean warship that "war may break out at any moment." In a speech to the international Conference on Disarmament, Ri Jang-Gon, deputy permanent representative for North Korea at the United Nations in Geneva, blamed the "grave situation" on South Korea and the United States. "The present situation of the Korean peninsula is so grave that a war may break out at any moment," ... read more |
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Stockholm, Sweden (UPI) Jun 3, 2010 Latin American arms spending in 2009 continued rising despite the economic downturn because of the region's cash reserves from commodity exports and other surpluses, the Stockholm International Peace Research Institute said in its annual report. SIPRI said a number of factors ensured that defense expenditure in the region remained largely unaffected by the global economic crisis. ... more 
New Orleans LA (SPX) Jun 04, 2010Textron Marine and Land Systems has announced it has been engaged to build 80 armored military vehicles for the Iraqi Ministry of Interior for use by the Iraqi Federal Police, to be contracted through the U.S. Army Foreign Military Sales (FMS) process. The total value of the procurement is approximately $94 million. Of the 80 vehicles, 72 will be configured as Armored Personnel Carriers (A ... more  
Canberra, Australia (UPI) Jun 3, 2010 Australian soldiers fighting in Afghanistan will have new lightweight combat body armor by the end of the year, army chief Lt. Gen. Ken Gillespie said. The tiered body armor system has up to three load carriers designed for multiple combat roles. The TBAS has a new ballistic plate system weighing less than the current modular combat body armor to give added protection, Gillespie said. / ... more |
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Iraq plans dozens of new oil wellsBaghdad (UPI) Jun 3, 2010 Iraq plans to upgrade scores of oil wells and drill dozens of new ones as part of Baghdad's ambitious drive to quadruple production from major oil fields now operated by Exxon Mobil, Royal Dutch Shell, Eni of Italy and other foreign companies. The government wants to boost output from the current level of around 2.1 million bpd to 10 million-12 million bpd over the next six years, with the proceeds funding national reconstruction. Some in the energy industry see that as overly ambitious, ... read more |
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