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Shipyards in South Korea netted a second win over their Chinese peers this year last month, a move believed to reflect Seoul’s devotion to defend a pillar industry amid increasing competition between the two nations.
Observers say, however, that in the event of any escalation of tensions with China, joint action between the Philippines and Vietnam remains unlikely as Hanoi’s defence policy prohibits it from forming alliances to oppose another nation.
Last March, Thierry Breton, the EU's commissioner for internal market, advocated for a shift of the European defense industry toward a war economy.
When Jeon Sang-guen’s barbell fell from his hands at the London Olympics, he knew everything was about to change. There would be no medal. No joyous celebration. His career in weight lifting, he knew in that moment, was probably over.
The protesters were closing in.
Saudi state oil giant Aramco reported $29.1 billion in net profit for the second quarter, a dip ofjust over3% from the same period last year as crude production volumes remained low.
Australian universities have warned of mass job losses if the government moves too quickly to impose caps on international student numbers, with one industry body calling the proposed policy an unprecedented “ministerial overreach.”
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