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Tag: deal

Oil prices turn lower despite hints Russia and Saudi Arabia are ‘very close’ to a deal

Oil prices turn lower despite hints Russia and Saudi Arabia are ‘very close’ to a deal

Finance
Oil prices dipped during morning deals on Monday, shortly after the CEO of Russian sovereign wealth fund RDIF told CNBC that Moscow and Riyadh were "very close" to an oil deal.International benchmark Brent crude futures traded at $ 32.96 a barrel Monday morning, down more than 3.2%, while U.S. West Texas Intermediate (WTI) futures stood at $ 27.46, more than 3% lower. "I think the whole market understands that this deal is important and it will bring lots of stability, so much important stability to the market, and we are very close," Kirill Dmitriev of the Russian Direct Investment Fund told CNBC's "Capital Connection" on Monday.Oil prices edged into positive territory shortly after Dmitriev's optimistic comments, but have since pared those gains.Earlier...
State Dept. approves $194M upgrade deal for South Korea’s F-16s

State Dept. approves $194M upgrade deal for South Korea’s F-16s

Business
March 30 (UPI) -- The State Department approved a sale of upgrades to South Korea's F-16 fighter planes, the Defense Security Cooperation Agency said on Monday. The $ 194 million sale, expected to be approved by Congress, calls for South Korea to obtain Mode 5 Identification Friend or Foe equipment, known as IFF, and Link 16 Technical Datalink equipment for its F-16 Block 32 fleet. IFF, in use since the 1940s and improved regularly, identifies and tracks military aircraft, and Mode 5 is the most recent implementation of the system. It uses waveform modulation, coding, and cryptographic techniques to quickly determine the identity and heading of an aircraft. Link 16 is a military data link network allowing military ships and aircraft to share tactical picture of a situation in real time, ...
PM gives green light to post-Brexit EU research deal

PM gives green light to post-Brexit EU research deal

Science
The UK will endeavour to continue within a €100bn (£85bn) EU science programme after Brexit.Prime Minister Boris Johnson gave the green light for the UK to negotiate its continued participation within the Horizon Europe research programme.Horizon Europe provides funding to scientists, students and industry for research.The news was revealed within a document setting out the government's approach to negotiations with the EU.The statement will come as a relief to research leaders, who feared that research collaboration would become a bargaining chip in general trade negotiations.The President of the Royal Society, Prof Sir Venki Ramakrishnan has been influential in persuading the PM of the importance of making an early commitment t
State department approves $325.5M arms deal to Tunisia

State department approves $325.5M arms deal to Tunisia

Business
Feb. 26 (UPI) -- The State Department has approved a possible sale of four AT-6C Wolverine Light Attack Aircraft and related equipment to Tunisia for an estimated $ 325.8 million, the Defense Security Cooperation Agency announced Wednesday. According to DSCA, the government of Tunisia as asked to buy four Wolverine aircraft along with a variety supporting equipment, including but not limited to 312 MAU-169 computer control groups, 468 MK81 250 LB GP bombs and 3,290 advanced precision kill weapon systems -- as well as bomb components and practice bombs. "The proposed sale will improve Tunisia's ability to meet current and future threats by increasing their capability and capacity to counter-terrorism and other violent extremist organization threats," said the DSCA's announcement. The DSCA...