SA steelmaker Evraz Highveld halts operations

South Africa’s second-largest steelmaker Evraz Highveld Steel and Vanadium confirmed on Monday that it had temporarily ceased steel production at its steelworks, citing working capital constraints and reduced domestic demand mainly owing to a “significant” increase in steel imports from … Read the rest

China believes hostile short-sellers caused panic

A recent sell-off in China’s stock markets is the first major challenge facing the country since the introduction of margin trading, and is believed to have been caused by hostile short-sellers.

In a report on the Chinese news site ifeng.com, … Read the rest

German missiles taken over by hackers

German-owned Patriot missiles stationed in Turkey were briefly taken over by hackers, according to media reports on Tuesday.

The attack took place on anti-aircraft ‘Patriot’ missiles on the Syrian border. The American-made weapons had been stationed there by the Bundeswehr … Read the rest

Rise of hypersonic missiles render fleets obsolete

With the rise of hypersonic missiles, fleets have become largely obsolete, reduced as they are to huge sitting ducks. There is simply no defense for a large ship against an incoming MACH5 missile. Carriers can destroy small countries like Libya … Read the rest