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...At that point, the creditors, including the US, will possess both frozen Russian assets and a claim against Russia. Voila, set off. The plan is a thing of beauty. But the devil is in the details....
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...US defence contractors Lockheed Martin and RTX, formerly Raytheon Technologies....
...Adeel Khan, global head of markets, sold more than £4mn in shares last Monday via Solium Capital UK, administrator of Barclays’ nominee service....
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...“This was not plan A,” the person close to Aurelius said. “This was not the intention.”...
...Robust sales of fighter jets, helicopters and missiles, including the type of rockets being sent to the Ukrainian army, helped revenues at US aerospace and defence contractor Lockheed Martin beat Wall Street...
...The courts of Dubai’s financial centre have decided to hear a long-delayed $600mn claim against KPMG Lower Gulf made by the administrators of collapsed private equity firm Abraaj....
...with legitimate claims against the exchange “will eventually be paid in full”....
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...Laura Martin, a senior analyst at Needham, the investment bank, said the company’s AI strategy would be “for the benefit of their Apple ecosystem and to protect their installed base”....
...The Belfast plant of Short Brothers, the company that claims to be the world’s first aircraft manufacturer, could become an unexpected victim of the crisis surrounding US aerospace giant Boeing....
...The move by Lockheed Martin’s plan and others marks the latest venture into crypto by pension funds, many of which are seeking ways to improve their own returns. Lockheed Martin declined to comment....
...Musk is also under fire from former Twitter executives over severance payments. This week is the deadline for large online platforms to comply with new EU regulations on competition....
...A share in Apple costs $178, and a share of defence giant Lockheed Martin costs $418. Warren Buffett’s Berkshire Hathaway is priced at more than $500,000 a share....
...The joint venture will be US-led, said Mike Schoellhorn, chief executive of Airbus Defence and Space....
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...That means they both fulfil the same crucial goals, which are to strengthen the finances of debtors and remove the uncertainty about how much financial assets (especially credit claims) are worth....
...Russia: The outperformance of the country’s GDP offers lessons — but not the ones Vladimir Putin thinks, writes Martin Sandbu....
...The industry has been dominated for decades by an oligopoly of century-old contractors, known as “primes”, such as Lockheed Martin and Raytheon....
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