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Showing posts with label Italy. Show all posts
Showing posts with label Italy. Show all posts

Berlusconi resigns, crowds in Rome celebrate | Reuters

Berlusconi resigns, crowds in Rome celebrate | Reuters: (Reuters) - "Silvio Berlusconi resigned on Saturday to make way for an emergency government Italians hope will save them from financial ruin as thousands of jeering protesters shouted "clown, clown" and toasted the end of a scandal-plagued era."

Futures sink on growing euro zone worry | Reuters

Futures sink on growing euro zone worry | Reuters: (Reuters) - "Stock index futures tumbled on Wednesday as a spike in Italian bond yields fueled fears the country will need a bailout, ratcheting up the region's debt crisis to another level."

Berlusconi to resign after parliamentary setback | Reuters

Berlusconi to resign after parliamentary setback | Reuters: (Reuters) - "Italian Prime Minister Silvio Berlusconi said on Tuesday he would resign after suffering a humiliating setback in parliament that showed a party revolt had stripped him of a majority."

China in talks over buying Italian debt | Business | guardian.co.uk

China in talks over buying Italian debt | Business | guardian.co.uk: "• Italian finance minister meets China's sovereign wealth fund
• Traders hope Beijing will help tackle eurozone crisis
• Obama voices fears over Italy and Spain
• News of talks spark Asian rally but FTSE falls"

Special Report: How Libya is a showcase in the new arms race -Reuters

"This is turning into the best shop window for competing aircraft for years. More even than in Iraq in 2003," says Francis Tusa, editor of UK-based Defense Analysis. "You are seeing for the first time on an operation the Typhoon and the Rafale up against each other, and both countries want to place an emphasis on exports. France is particularly desperate to sell the Rafale."



"As soon as an aircraft or weapon is used on operational deployment, that instantly becomes a major marketing ploy; it becomes 'proven in combat'," says a former Defense export official with a NATO country, speaking on condition of anonymity about the sensitive subject.
"The rewards are huge. India, Brazil, Denmark, Greece, Saudi Arabia, UAE, Oman and Kuwait are among a growing list of countries shopping for one or more of the fighters flying sorties over Libya."

India wants to buy 126 fighter jets which should be worth an estimated $10 billion.

"Saudi Arabia is crucial to U.S. weapons makers who are discussing a huge arms package valued at over $60 billion including 84 F-15 fighter jets and 70 Apache helicopters built by Boeing."

For the whole article see Tim Hepher: Reuters