Canada confirms plan to replace submarine fleet at NATO summit

Canada confirms plan to replace submarine fleet at NATO summit

Canada definitely plans to move forward with the purchase of new submarines, the federal government announced on the margins of the NATO Summit on Wednesday. Up to now, the government has spoken only about the possibility of replacing the aging Victoria-class boats. But in the face of mounting criticism of Canada’s defence spending by allies — notably … Read more

South Korean memory chips lift national exports in January for a strong start to 2024

South Korean memory chips lift national exports in January for a strong start to 2024

South Korean exports maintained growth momentum in January in a positive start to 2024, as demand for semiconductors continued to improve. Shipments adjusted for working-day differences increased 5.7 per cent from a year earlier, according to data released Thursday by the customs office. Headline exports rose 18 per cent, compared with economists’ forecasts for a … Read more