Security

Italian minister proposes fresh taxes on arms makers’ windfall profits

ROME — Italian defense companies whose profits have soared thanks to armed conflicts around the world could face increased taxation, Italy’s finance minister has suggested in a speech which has been challenged by his allies. Minister Giancarlo Giorgetti said the...
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Russian hacking group targeted US military contractors

A hacking group tied to Russian intelligence tried to worm its way into the systems of dozens of Western think tanks, journalists and former military and intelligence officials, Microsoft and U.S. authorities said Thursday. The group, known as Star Blizzard to...
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French Navy orders underwater drones for deep-sea surveillance

BREST, France — The French Navy has ordered an autonomous underwater vehicle from Exail that will surveil critical infrastructure at depths of up to 6,000 meters, the company announced. The architecture of the new drone will be based on the firm’s Ulyx, a vehicle...
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New pact boosts defense-industry goals in EU lending scheme

BERLIN — The European Union’s funding and defense branches are moving closer together in a bid to strengthen the continent’s military-industrial complex, with an updated agreement between the European Investment Bank and the European Defence Agency being concluded on...
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