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Today's paper. Last Updated: 02/17/2012

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Report: Sub Fire a Near Nuclear Disaster

Reuters

Russia came close to nuclear disaster in late December when a blaze engulfed a nuclear-powered submarine carrying atomic weapons, Vlast reported Monday, contradicting official assurances that it was not armed. Russia came close to nuclear disaster in late December when a blaze engulfed a nuclear-powered submarine carrying atomic...

Power Machines Acquires EMAlliance

By Anatoly Medetsky / The Moscow Times

... expansion, said Igor Kostin, chief of Power Machines. In countries like Brazil and India, the company seeks to set up joint ventures to localize production so it can count on larger supply contracts, he said. Power Machines, a specialist in hydro- and nuclear-powered turbines, has previously sold to clients in countries ranging from the United States and Canada to North Korea and Angola, according to its website. The combined company will likely stick to its current prices, even if it reduces its costs...

India Relying on Russia for Arms

The Associated Press

India has decided to buy 126 fighter jets from France, taken delivery of a nuclear-powered submarine from Russia and prepared for its first aircraft carrier in recent weeks as it modernizes its military to match China's. NEW DELHI — India has decided to buy 126 fighter jets from France, taken...

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