Mitsubishi Heavy expects record defence orders as Japan pours money into military

TOKYO (Reuters) -Mitsubishi Heavy Industries on Wednesday said it expects to book record defence equipment orders this business year as Japan embarks on its biggest military expansion since World War Two. The government plan to double defence spending to around 2% of gross domestic product within five years includes subsidies to support Japan’s fractured defense…

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Zealand, Boehringer’s drug meets main weight-loss goal in mid-stage trial

By Ludwig Burger FRANKFURT (Reuters) – Zealand Pharma and partner Boehringer Ingelheim said their experimental obesity drug achieved up to 14.9% weight loss after 46 weeks in a mid-stage trial, adding a potential contestant to the fast growing obesity drug market. In a statement on Wednesday, the partners said that the Phase II dose-finding trial…

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Greece’s Stournaras sees ECB rate hikes ending this year

ATHENS (Reuters) – The ECB’s monetary tightening cycle will end this year if there are no dramatic changes, Greek central bank chief Yannis Stournaras told a news website in an interview published on Wednesday. Stournaras, considered a dove on the ECB’s 26-member Governing Council, told imerisia.gr that “as things stand at the moment, and if…

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How Sudan’s paramilitary forces took parts of Khartoum, stormed army chief’s quarters

By Khalid Abdelaziz DUBAI (Reuters) – When conflict flared in Khartoum almost a month ago, pitting Sudan’s armed forces and their heavy weaponry against a paramilitary force born out of an agile but lightly-armed desert militia, it looked like it might prove a one-sided fight. But the head of the army, General Abdel Fattah al-Burhan,…

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