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☆ Elon Musk's SpaceX lands $2 million Air Force deal for Starlink internet despite FCC's rejection of $886 million subsidy
  + stars: | 2022-08-17 | by ( Kate Duffy | ) www.businessinsider.com   time to read: +3 min
SpaceX has landed a $2 million Air Force contract to provide Starlink in Europe and Africa. SpaceX has the most well-established satellite network compared to other firms, the Air Force said. Under the contract, Starlink, which has more than 2,700 satellites in orbit, will support the Air Force's 86th Airlift Wing based at Ramstein Air Base, Germany. The Air Force also said it expected Starlink to provide up to 500 megabits per second download speed and low latency connectivity. SpaceX was seeking funding for Starlink to provide internet within rural communities in almost 650,000 locations across 35 states.
☆ India bids to sell fighter jets to Malaysia, says six other countries interested
  + stars: | 2022-08-05 | by ( Krishna N. Das | Thomson Reuters | As The Breaking News Editor For South Asia | ) www.reuters.com   time to read: +2 min
The Indian government last year gave a $6 billion contract to state-owned Hindustan Aeronautics Ltd (HIAE.NS) for 83 of the locally produced Tejas jets for delivery starting around 2023 - four decades after it was first approved in 1983. Prime Minister Narendra Modi's government, keen to reduce India's reliance on foreign defence equipment, has also been making diplomatic efforts to export the jets. Britain said in April it would support India’s goal of building its own fighter jets. India currently has a mix of Russian, British and French fighter jets. read moreIndia is looking to ground all its Soviet-era Russian fighter jets, the MiG-21, by 2025, following a number of fatal crashes, the Times of India daily reported last month.
☆ Canada's housing bubble is a cautionary tale for the US real-estate market
  + stars: | 2022-04-13 | by ( Alcynna Lloyd | ) www.businessinsider.com   time to read: +5 min
Canada's housing market is in overdrive as prices soar to record highs. The US housing market is starting to resemble Canada's — that should be a cautionary tale for all. As housing affordability plummets in Canada, it's hard to ignore the similarities to the US real-estate market. As affordability plunges in Canada, it stands as a reminder of how inventory can offset a real-estate market. The solution for both countries, Dietz said, is simple in theory but difficult in practice: "The key to improving housing affordability is increasing inventory."
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