Economy

Japan frustrated with the British – budget dispute delays new fighter plane

Japan, Britain and Italy have agreed to build a new fighter plane – of the sixth generation – together within the framework of the GCAP project. But the work has already been delayed by a British budget dispute and now patience is starting to wear thin on the Japanese side, reports the Financial Times.

– Frankly, it is a terrible situation, says a source.

In addition to the financing problems, there is reportedly no consensus on the project's goals. For Japan, the ambition is to produce a new fighter plane by the mid-30s. Britain and Italy are reportedly not in such a hurry.

The overall aim of GCAP is for the three countries to reduce their dependence on the United States and the F-35 fighter plane, which they all use today.

Resigning LKAB CEO: “Politicians stand in the way of the transition”

Swedish politicians have stood in the way of the industrial transition for too long, says the outgoing CEO of state-owned mining giant LKAB, Jan Moström, in an interview with EFN. He believes that society has undergone a “bureaucratization” and is appealing for simplified permit processes.

– It is not the industry that has problems with transition, it is the state that does not control its authorities, says Moström.

Middle East crisis  Iran war
Analysts warn of “Black Monday” on the world’s stock markets after Trump’s 48-hour threat

The markets are facing another turbulent trading week after Donald Trump’s new threat to wipe out Iran’s power plants if the country does not open the Strait of Hormuz within 48 hours. Investors fear strong reactions if the situation escalates.

– Trump’s threat has placed a 48-hour ticking bomb of uncertainty over the markets. If the ultimatum is not withdrawn, we will probably have a Black Monday with a stock market crash and rising oil prices, IG analyst Tony Sycamore told Bloomberg.

An attack on energy facilities in the Gulf states risks driving up energy prices globally, the news agency writes.