Industry

European defence companies will step up their frantic search for a slice of the US defence market -- even if a new US administration,...

US missile-defense contractors and their allies are pushing to salvage what they can of prized, multibillion-dollar programs that Defense Secretary Robert Gates is seeking...

Sitting on a mat at home between taking orders for arms on his two mobile phones, Osman Bare gives thanks for the riches flowing...

The Stockholm International Peace Research Institute (SIPRI) says global defence spending has climbed 45% since 1999, topping US$1.464 trillion last year. This represents an...

Africa must seek to solve its own problems as the global economic crisis limits the ability of more developed countries to follow through on...

Zimbabwean President Robert Mugabe has launched a new customs union at a major African economic summit, hoping it will boost investment and strengthen economic...

Distrust of business has risen in the wake of the financial crisis and about half those surveyed around the world see the...

Two-thirds of people believe "massive government spending" to combat the financial crisis shows a lack of clear direction, according to a poll of nations...

The global recession is the biggest development in the global system in the year to date. In the United States, it has become almost...

Minister of Science and Technology Naledi Pandor has inaugurated a new National Advisory Council on Innovation (NACI). The NACI is a statutory body established in...

Lending by the International Monetary Fund to Africa is set to double this year as the region is gripped by the global economic crisis...

Airbus Chief Executive Tom Enders has been interviewed by French police as part of an investigation into allegations of insider trading at parent company...

A new Deloitte study has found that EADS is now the world's largest aerospace and defence (A&D) company in terms of revenue. It has...

South Africa plunged into its first recession in 17 years in the first three months of 2009, succumbing to the global crisis in its...

Companies should take an offensive approach to combating cyber attacks, as the landscape in information warfare has changed over the past 10 years.This is...

South Africa's economy shrank by an annualised 6.4% quarter-on-quarter in the first three months of 2009, the biggest fall in 25 years,...

Sub-Saharan Africa will receive around $10 billion from the IMF in Special Drawing Rights (SDRs) to help its economies weather the global...

The investment gap in Sub-Saharan Africa's electricity sector amounts to $31 billion a year, a senior World Bank official says, urging G8...

President Barack Obama, seeking to end the schedule delays and cost overruns that plague US defense spending, signed a law on Friday...

Technology can pull the United States out of recession and help the world's ailing financial markets work better, Microsoft Corp Chairman Bill Gates told...

Denel Group CEO Talib Sadik says the company is well on its way to financial recovery after years of dismal results. Sadik...

As the geopolitical ambitions of SA and Africa shift from trade links with established economies in favour of ties with the robust economies in...

The US armed services have cut their 2010 budget wish lists after Defense Secretary Robert Gates insisted on reviewing them before they...

Tank builder Luc Vigneron has taken over as head of France's Thales at a courtly shareholder meeting belying the climax of a...

Australian explorer Range Resources says piracy will not deter it from exploring for hydrocarbons off chaotic northern Somalia. The independent company won a deal in...

The Department of Science and Technology wants comment on its draft Intellectual Property Rights from Publicly Financed Research and Development Regulations.  The department...

France's top official in charge of state industrial holdings declined to say today whether the new head of defence firm Thales would remain head...

The World Bank says it will soon make its first grant to Zimbabwe since 2001, a breakthrough for the power-sharing government which is desperate...

South Africa's economic growth will remain lacklustre this year, but there were tentative signs of a recovery in the global economy, Reserve...

The world's poorest continent needs $21 billion annually to overcome its power problems despite sitting on large energy resources, the African Union...

Having fled Africa in droves during last year's global financial turmoil, portfolio investors are slowly starting to take another look but are not leaping...

The Paris Club of sovereign debitors has reached an agreement with the Ivory Coast to restructure its external public debt, prompting an immediate cancellation...

Defence and infrastructure giant Reunert Limited says revenue for its defence group, Reutech, is flat for the first six months of its current financial...

Africa's economies are yet to feel the full force of a consumer slowdown in the West, which is likely to cause some corporate failures...

The freeing up of the logjam in the awarding of government rail contracts has resulted in a return to profitability in the second half...

Airbus parent EADS has posted a 70% slide in first-quarter operating profit after a new charge for its delayed A400M military plane...

BAE Systems says it continues to anticipate a year of good growth despite a lower volume of land vehicle sales than in 2008. An...

African states must speed up economic integration to deal with challenges posed by the global economic crisis and mitigate future external shocks, the African...

Belgium-based minerals merchant Traxys will stop purchasing tin ore from violence-ravaged eastern Democratic Republic of Congo in response to pressure from the...

Thales, the French defence and aerospace giant, is registering a new South African subsidiary to be known as Thales South Africa (Pty)...

Transformer equipment is becoming increasingly important as a means to relieve South Africa's electricity crisis, Frost & Sullivan says in a new report. "End users...

Consumers will soon get increased protection with the signing of the Consumer Protection Act. President Kgalema Motlanthe has signed the Act into...

Presidents of oil-producing African countries who are close allies of France are not used to questions being asked about their luxury cars...

France and Tunisia have concluded a nuclear cooperation deal and an €80 million-euro aid package for the latter, Reuters reports. The deal to...

A new report released overnight by the Stockholm International Peace Research Institute (SIPRI) shows that South Africa and Algeria were the largest African...

Pentagon officials have kicked off the US Defense Department's 2010 Quadrennial Defense Review and Nuclear Posture Review processes to determine what types...

US Defence and aerospace companies posted higher-than-expected first-quarter earnings on Thursday, aided by share repurchases and cost controls, but gave a mixed...

South Africa's economic indicators have weakened sharply, "almost guaranteeing" another contraction in the first quarter of 2009, the central bank's chief economist...

Namibia and Angola plan to build a joint $7 billion hydro power plant on a river that runs along their common border...

Africa may face greater power shortages once the financial crisis ebbs because of underinvestment in new power generation capacity during times of...