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26.08.25 - 12:06
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Norway wealth fund excludes Caterpillar over Israel allegations (The Guardian)
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World's largest wealth fund says it has dropped Caterpillar and five Israeli banking groups on ethics groundsBusiness live – latest updatesThe world's largest wealth fund has excluded Caterpillar, the construction equipment manufacturer, over Israel's use of its bulldozers to destroy Palestinian property in Gaza and the West Bank.Norway's $2tn (£1.5tn) fund said on Monday it had excluded Caterpillar and five Israeli banking groups on ethics grounds. Continue reading......
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22.08.25 - 01:00
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Taxpayers On Hook For $3.5 Billion To Replenish Munitions US Used Defending Israel (ZeroHedge)
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Taxpayers On Hook For $3.5 Billion To Replenish Munitions US Used Defending Israel
Taxpayers are yet again on the hook for America's supposed "closest Middle East ally" as the Pentagon is planning to allocate at least $3.5 billion to restock weapons used in defense of Israel.
A Bloomberg report issued this week has reviewed Department of Defense budget documents prepared through mid-May. Emergency expenditures are highlighted which include US combat operations "executed at the request of or in coordination with Israel for the defense of Israeli territory, personnel or assets during attacks by Iran" or its proxies.
Image source: US Navy
The largest single portion of the funding is $1 billion that is earmarked for replenishing Standard Missile interceptors, specifically the SM-3 IB Threat Upgrade models made by Raytheon and deployed by US Navy ships to intercept ballistic missiles.
Each of these big missiles are estimated to be between $9 million and $12 million, and thes...
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