Business

More signs of a short-term oversupply situation for the global oil market and U.S. economic challenges pushed the price of oil sharply lower on Friday....Read More

Anglo-Swiss multinational Glencore said Friday it was looking to spend close to $1 billion to buy most of U.S. supermajor Chevron’s assets in South Africa....Read More

Britain’s Ministry of Defense has amended its Maritime Support Delivery Framework contract with BAE systems to include Queen Elizabeth II carriers....Read More

Boeing reports it will acquire Virginia-based Aurora Flight Sciences to accelerate the airplane manufacturer’s development of autonomous aerospace vehicles....Read More

The guided missile destroyer USS John S. McCain, damaged in a collision with an oil tanker in August, is to be repaired by the Navy in Japan....Read More

The move by OPEC and non-OPEC producers to balance the market is working, but the work is not yet finished, Saudi Arabia’s oil minister said from Moscow....Read More

U.S. Marines have tested small 3D-printed drones developed by the Army Research Laboratory....Read More

Saab’s 9LV Combat Management System has been chosen by Australia for its future frigates, upgraded air warfare Destroyers and selected offshore patrol vessels....Read More

Australia’s Collins-class submarines and Anzac-class frigates are to undergo modernization under separate programs of the Australian government....Read More

Germany’s Rheinmetall and Paravan on Wednesday announced plans to develop semi- and fully autonomous military and emergency response vehicles....Read More