AFP Asia Business

Japan seeks record defence budget, to triple drone spending

Japan’s defence ministry is aiming for a major boost to its drone arsenal as part of another record spending request made Friday to deal with a “severely intensifying security environment”.Japan in recent years has been shedding its strict pacifist stance, moving to obtain “counterstrike” capabilities and doubling military spending to two percent of GDP.The defence …

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Cash-strapped Taliban look to airspace for windfall

Far above Kabul, the cash-strapped Taliban government has located a potentially lucrative revenue stream: Afghanistan’s airspace. As Israel and Iran’s exchange of missiles threw flight paths into disarray this year, the skies above Afghanistan offered carriers a less turbulent and faster route to ply — for a flat $700 overflight fee, according to industry insiders.The US …

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