Drones Hit Two Ships Within Bulgaria's Economic Zone, Sinking One, Crew Missing

The US has launched two more airstrikes in Somalia, according to press releases from US Africa Command, as the Trump administration is keeping up the bombing campaign in the country amid the US-Israeli war against Iran. AFRICOM said that one strike was launched on March 15 and targeted al-Shabaab in the vicinity of Mubaraak, a […]

Turkey Seeks Moscow Permission To Offload S-400s, Paving Way For US F-35 Deal In a move that could break a years-long defense procurement deadlock with Washington, Turkey is finalizing the sale of its Russian S-400 air defense systems to Gulf states, potentially clearing the way for Ankara to buy US F-35 fighter jets, Turkish newspaper Hurriyet reports Friday. For Ankara, offloading the Russian hardware resolves a years-long costly diplomatic and military bottleneck and controversy - a situation which dramatically improved after President Trump gave a clear greenlight during the annual NATO...

BMW Targets 8,000 Job Cuts With New Voluntary Severance Package BMW shares in Germany are down 36% so far this year, as the automaker's latest forecast downgrade was described by JPMorgan analyst Jose Asumendi as a "wake-up call for the auto industry." The outlook for BMW continues to deteriorate, with Bloomberg reporting that the automaker will begin a sweeping workforce restructuring in Germany this fall. Voluntary departures in Germany are expected to account for most of the roughly 8,000 positions BMW plans to eliminate globally, equivalent to about 5% of its...