With Trump demanding more ships, the Navy is proposing the biggest shipbuilding boom since the end of the Cold War to meet “threats” from Russia and China. The Navy’s 355-ship proposal is even larger than what Trump had promoted on the campaign trail, providing a boost to shipyards that have struggled because budget caps. Source FoxNews
Russia’s industrial output growth in April 2019 jumped to 4.9% year-on-year after 1.2% growth in March, according to the latest data by Rosstat statistics agency. Source: BNE
The U.S. military said it sent two Navy ships through the Taiwan Strait on Wednesday, its latest transit through the sensitive waterway, angering China at a time of tense relations between the world’s two biggest economies. Source: Reuters
A senior German diplomat was in Tehran on Thursday for meetings with Iranian officials to try to preserve the 2015 Iran nuclear deal and cool rising tensions in the region, a German diplomatic source told Reuters. Source: Reuters
