India's air force risks a major capability gap opening up with China and Pakistan without new western warplanes or if local defense contractors can't produce what the military needs in a timely manner.
President Barack Obama has chosen Joseph Clancy as the new head of the U.S. Secret Service, the White House said on Wednesday, after a series of high profile security lapses led to a shake-up in the troubled agency's leadership.
When President Abdel Fattah al-Sisi said people should not moan about Egypt because it was not like war-ravaged Iraq or Syria, his remark gave birth to a joke: New Egyptian passports should read "The Country not like Iraq or Syria."
The Swiss government said on Wednesday it would lay out tougher capital requirements for UBS (UBSG.VX) and Credit Suisse (CSGN.VX) by the year-end, in order to protect them against future crises.
