Paris / AFP France will supply 30 military helicopters to Kuwait in a deal worth over one billion euros ($1.1 billion) that French Defence Minister Jean-Yves Le Drian signed in the Gulf state on Tuesday. The agreement to buy the versatile Airbus Caracal helicopters is part of a 2.5 billion euro package of deals that the two countries agreed ...

  Washington / AFP The US-led military effort against the IS group started exactly two years ago, aimed at halting the extremists as they swept across Iraq, leaving a trail of human butchery and destruction in their wake. It was supposed to have been a swift and narrow campaign that would help local forces deal a “lasting defeat” to IS ...

  There’s no question that mainstream academic macroeconomics failed pretty spectacularly in 2008. It didn’t just fail to predict the crisis — most models, including Nobel Prize-winning ones, didn’t even admit the possibility of a crisis. The vast majority of theories didn’t even include a financial sector. And in the deep, long recession that followed, mainstream macro theory failed to ...