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U.S. Army requests design proposals to replace M-2 Bradley tank

U.S. Army requests design proposals to replace M-2 Bradley tank

Business
July 17 (UPI) -- The U.S. Army announced a request for proposals on Friday for preliminary designs of the tank meant to replace the long-serving M-2 Bradley tank. Digital designs from up to five contractors will be chosen to compete in a preliminary design review of the vehicle, currently referred to as the Optionally Manned Fighting Vehicle. The request is the first phase of a five-phase process to choose a new design. Advertisement "We are looking forward to receiving feedback and learning from industry what's in the realm of the possible as we continue to develop this truly transformational vehicle for our soldiers," Maj. Gen. Brian Cummings, program executive officer for Ground Combat Systems, said in a statement. The competition has been delayed several times but now is said to be on...
Thomas The Tank Engine narrator and Auf Wiedersehen, Pet star Michael Angelis dies

Thomas The Tank Engine narrator and Auf Wiedersehen, Pet star Michael Angelis dies

Entertainment
Michael Angelis, who was best known for narrating Thomas The Tank Engine series Thomas And Friends, has died at the age of 68, his agent said.He died suddenly while at home with his wife on Saturday. The actor voiced the children's TV programme for 13 series, making him the longest-serving narrator, after taking over from Beatles member Ringo Starr in 1991.Angelis also starred as Arnie in September Song, Lucien Boswell in The Liver Birds, Mickey Startup in Auf Wiedersehen, Pet, Chrissie Todd in Boys From The Blackstuff and Martin Niarchos in GBH.He also appeared in Holby City, Casualty, The Bill and Heartbeat. ...
Investor wealth drops Rs 3.30 lakh crore as equity markets tank

Investor wealth drops Rs 3.30 lakh crore as equity markets tank

Finance
New Delhi: Investor wealth on Tuesday fell by Rs 3,30,408.87 crore after equity markets came under heavy selling pressure following sell-off in global stocks as rout in crude oil hit investor sentiment. The Sensex tumbled 1,011.29 points, or 3.20 per cent, to close at 30,636.71. Led by the sharp fall in the index, the market capitalisation of the BSE-listed companies dropped Rs 3,30,408.87 crore to Rs 1,20,42,172.38 crore. "After the US crude oil crash, Indian markets, in sync with global markets traded negatively, as the extent of the impact of lockdowns and the global slowdown is becoming evident. Corporate earnings have also been impacted by the pandemic related shutdowns. Post-earnings management guidance has also not given clear indication about the recovery path," Vinod Nair, head of...
Prices stabilize in North Korea, but growth is negative, think tank says

Prices stabilize in North Korea, but growth is negative, think tank says

World
Sept. 30 (UPI) -- Prices and exchange rates have stabilized in North Korea since Kim Jong Un fully assumed power in 2012, a South Korean think tank said in a report released Monday. The stabilization of key macroeconomic indicators does not mean the economy has been making progress, despite claims from the regime. North Korea registered negative GDP growth in 2017 and 2018, South Korean newspaper JoongAng Ilbo reported. The North Korea economic review from South Korea government-run Korea Development Institute published Monday credited the stabilization of prices in the Kim Jong Un era to changes in policy, including less state intervention in North Korean agriculture. "After the North Korean authorities' currency reform failed several times, and prices surged, they gave up state control...
Taiwan’s $2.2B missile, tank purchase approved by State Department

Taiwan’s $2.2B missile, tank purchase approved by State Department

Business
July 9 (UPI) -- The State Department has approved two contracts worth $ 2.2 billion for possible foreign military sales to Taiwan of Abrams tanks and Stinger missiles. The Defense Security Cooperation Agency on Monday notified Congress it approved a $ 2 billion deal for 108 M1A2T Abrams tanks and a $ 223.6 million deal for Man-Portable Air-Defense Stinger missiles, as well as related equipment and support, as negotiated by the Taipei Economic and Cultural Representative Office. The sales serve U.S. national, economic, and security interests, DSCA said, by supporting Taiwan's "continuing efforts to modernize its armed forces and to maintain a credible defensive capability." DSCA said the sales will improve the security and assist in "maintaining political stability, military balance and e...