Australian submarines should be built entirely at home – Germany’s TKMS

By Matt Siegel SYDNEY, Mar 17 : Australia’s new A$50 billion ($38 billion) submarine fleet should be built entirely within Australia, ThyssenKrupp AG’s shipbuilding unit said on Thursday, making the German firm the first bidder to publicly endorse domestic construction as the best option. Germany is up against Japan and France for one of the […]

China makes breakthrough in ‘man-made sun’ research

Beijing, March 17 : An artificial sun experiment developed by Hefei Institute of Physical Science of the Chinese Academy of Science, has successfully realised UHT long pulse plasma discharge at a temperature of more than 50 million degrees. As of January, the Experimental Advanced Superconducting Tokamak (EAST) fusion device, nicknamed “artificial sun”, made a 102-second-long […]

Two killed, over 20 injured in Japan pile-up

Tokyo, March 17 : Two people were killed and over 20 others injured in a pile-up involving more than 10 vehicles in a tunnel in Japan’s Higashihiroshima city on Thursday. The accident occurred at around 7.30 a.m. in the Hachihommatsu tunnel on the Sanyo Expressway when a rear-end collision between two vehicles occurred, local police […]

US slaps new sanctions on North Korea

Washington, March 17 : US President Barack Obama has issued an executive order imposing new sanctions on North Korea, the media reported on Thursday. The White House on Wednesday announced the “robust new sanctions” are part of its response to the North Korea’s January 6 nuclear test and February 7 ballistic missile launch, Xinhua News […]

Beijing building South China Sea tsunami alert centre

Beijing, March 17 : China is building a tsunami alert centre in the South China Sea, a media report said on Thursday. The facility is being constructed in the South China Sea, Wang Hong, chief of the State Oceanic Administration, said on the sidelines of the closing ceremony of the annual legislative session on Wednesday, […]

Nikkei rallies as Fed signals fewer rate hikes this year

By Joshua Hunt TOKYO, Mar 17 : Japanese stocks rose on Thursday after the U.S. Federal Reserve signalled fewer interest rate hikes this year, boosting investors’ appetite for riskier assets. The Nikkei share average climbed 1.3 percent to 17,198.56 points by mid-morning. “Removing interest rate risk from the near horizon has been enough to coax […]