If Senator Gianluigi Paragone had his way, Italy would pull out of the European Union and free itself of the euro.Paragone, who cut his teeth in politics as a member of the anti-establishment Five Star Movement, told Bloomberg in an interview Monday that he’ll launch his new, upstart party in mid-July — and that the word “Italexit” may figure prominently in the new group’s logo. Source Bloomberg
Australia and the United States will jointly develop hypersonic cruise missiles, the Australian defence minister announced on Tuesday, pledging to invest in “advanced capabilities” that will give the country’s military “more options to deter aggression” against its interests.
Both China and Russia are developing similar missiles. Source ALjazeera
European Union lawmakers lashed out Tuesday at the head of Frontex over allegations that the border and coast guard agency helped illegally stop migrants or refugees entering Europe, calling for his resignation and demanding an independent inquiry. Source Ekathemarini
SMIC, one of largest chip makers in the world, is among several companies that the Department of Defense plans to designate as being owned or controlled by the Chinese military, reports Reuters. Earlier this month, President Donald Trump signed an executive order, set to go into effect on January 11, that would bar U.S. investors from buying securities from companies on the defense blacklist. Source The Crunch
