Aircraft Carrier News
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The regional airliner was climbing past 9,000 feet when its compasses went haywire, leading pilots several miles off course until a flight attendant persuaded a passenger in row 9 to switch off an Apple Inc. iPhone.
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The Pentagon is ordering furloughs of 680,000 civilian workers in an effort to save $1.8 billion of the $37 billion in spending cuts it must make this year.
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China’s stocks fell as economic reports overshadowed speculation the government will postpone the resumption of initial public offerings. A gauge of consumer- discretionary stocks dropped the most in two weeks.
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Philippine President Benigno Aquino said China may harm relations with its trading partners if it fails to respect a United Nations-backed arbitration ruling over its claims in disputed waters with oil and gas reserves.
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The Chinese military has targeted U.S. government computers with intrusions that seek sensitive data, according to a report in which the Pentagon for the first time directly accuses China of a cyber espionage campaign.
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North Korea threatened “immediate counteractions” if shells fired as part of military drills hit its waters, as the U.S. an South Korea conducted annual anti- submarine exercises in the region.
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Richard Lugar, an Indiana Republican who served six terms in the U.S. Senate and led its Foreign Relations Committee, said in an interview airing this weekend on Bloomberg Television’s “Political Capital with Al Hunt” that President Barack Obama made a mistake by drawing a so-called red line over Syrian chemical-weapons use.
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President Francois Hollande plans to trim the size of the French army while keeping annual defense spending roughly unchanged over a decade as his government seeks savings while retaining military capacity.
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Escalating costs to build liquefied natural gas plants on land in Australia, where energy workers earn the highest salaries in the world, are driving developers out to sea in search of billions of dollars in savings.
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China unveiled plans to build more aircraft carriers after commissioning its first last year, as the country extends its influence amid territorial disputes with neighbors including Japan and Vietnam.
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