Pakistan gets lifeline from IMF with new $3 billion bailout

ISLAMABAD — The International Monetary Fund has agreed to provide $3 billion to Pakistan in badly needed relief to help bail out the impoverished country’s ailing economy. The nine-month agreement must be approved by the IMF’s Executive Board, which is expected to...

Belgium joins European FCAS warplane program as observer

PARIS — The trinational program meant to build a new fighter jet for Europe, along with an array of next-generation systems and weapons, has gained a new partner – to a degree. Belgium has officially joined the Future Combat Air System (FCAS) program as an observer,...

Reveal of French-made combat drone stirs up industry

PARIS — The reveal of a French-made unmanned aerial system at the Paris Air Show here has sparked a debate across the drone industry regarding the extent to which it will compete with same-category systems like the notional Eurodrone and the U.S.-made MQ-9 Reaper. The...