Venezuela spending billions on defense
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Venezuela is buying helicopters, boats and military transport planes in defense deals worth about &#36;2.7 billion, modernizing its military as tensions grow between leftist President Hugo Chavez and the United States.
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Venezuela will reinforce security measures after a branch of al Qaeda called for attacks on suppliers of oil to the United States, the defense minister said on Thursday.
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First there's $784 billion for defense, and that's just the beginning.
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President Hugo Chavez&#039;s plans to build the first Kalashnikov factory in South America are stirring fears Venezuela could start arming his leftist allies in the hemisphere with Russian assault rifles.
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Venezuela is studying buying Russian submarines that would transform the South American country into the top naval force in the region, a military adviser to President Hugo Chavez said Thursday.
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The top U.S. military officer said on Thursday he was concerned by Venezuelan President Hugo Chavez's purchases of military equipment, saying they could harm efforts to build greater stability in Latin America.
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The wars in Iraq and Afghanistan will cost at least $190 billion in 2008, the Pentagon said on Wednesday, making it the most expensive year in the conflicts since they were launched by President George W. Bush.
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A search for investing opportunities in military and defense.
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Global military spending is   expected to hit $1.06 trillion this year, topping the record   set during the Cold War era, an international aid agency   reported on Friday.
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The Senate agreed to spend an additional $63 billion for military operations in Iraq and Afghanistan as lawmakers on Thursday passed a massive bill that funds the Pentagon.
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Venezuelan forces told to prepare for US invasion.
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Spanish business sectors investing in Venezuela have called on Venezuelan President Hugo Chavez Frias to ensure legal and political security for foreign investors.
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Venezuelan President Hugo Chavez accused the Bush administration of pressuring his regime by delaying the sale of parts for the repair and maintenance of Venezuela's 24 F-16 fighters bought from the United ...
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Venezuela is to review all foreign investment in raw material production in an effort to boost its own industrial capacity.
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The defense-related work is estimated to be worth $200 billion.
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China's will boost defense spending by 17.8 percent in 2007, accelerating the emerging power's string of annual double-digit rises in money for a modern military that reflects its economic strength.
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A top U.S. diplomat warned Friday that Venezuela cannot afford to drive away the major oil companies affected by President Hugo Chavez's decision to takeover the nation's most promising oil-producing operations.