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Greece Launches €4 Billion Defense Overhaul with New Air Shield and F‑16 Upgrades

  Hellenic Air Force F-16s fly during a military parade marking an anniversary of ‘Ochi’ Day in Thessaloniki, October 28, 2022. Greece has approved a major €4 billion defense modernization package, including a new multi‑layer air and drone defense system and upgrades to 38 F‑16 fighter jets. The move strengthens the country’s “Achilles Shield” program and deepens defense cooperation with Israel.  Greece Advances Major Defense Modernization Plan Greece’s national security council (KYSEA) has formally approved a sweeping defense upgrade valued at approximately €4 billion , marking one of the country’s most significant military investments in recent years.  🇬🇷 Key Components of the Package €3 billion multi-layer air and drone defense system , forming the backbone of the “Achilles Shield” program. Greece is in advanced talks with Israel to supply major missile system components.  Upgrade of 38 F‑16 fighter jets to the advanced Viper configuration, enhancing ...
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Toronto Stock Exchange’s S&P/TSX Composite Index Reaches Highest Weekly Close in 21 Months

 

The Toronto Stock Exchange’s S&P/TSX composite index ended up 71.82 points, or 0.3%, at 20,990.22, its highest weekly closing level since April 2022. 

The market is being driven higher by technicals, which are very bullish right now, according to Brandon Michael, senior investment analyst at ABC Funds. The Toronto market has posted a series of higher peaks and troughs since October, notching a gain of nearly 12% over that period. The technology sector added to its recent rally on Friday, rising 0.7%. Energy rose 0.6% as oil settled 0.9% higher at $72.68 a barrel following overnight air and sea strikes by the U.S. and Britain on Houthi targets in Yemen. The materials sector, which includes precious and base metals miners and fertilizer companies, was up 1.6% as the price of gold benefited from safe-haven buying and the prospect of Federal Reserve interest rate cuts. 

The title of this article could be “Toronto Stock Exchange’s S&P/TSX Composite Index Reaches Highest Weekly Close in 21 Months”.

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