• Pakistan Shoots Down Indian Jets, Markets Soften

    February 27, 2019
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    Pakistan Shoots Down Indian Jets, Markets Soften
    Maintenance officers from the Pakistan Air Force oversee an early morning launch of their F-16s during Red Flag 10-4 at Nellis on July 26, 2010

    In response to recent Indian air strikes against Pakistani positions, Pakistan downed two Indian MiGs today in a dramatic escalation of the conflict. The Indian Air Force conducted air strikes yesterday against what it called a 'terrorist training camp' in Pakistan after a suicide bomb in Indian-controlled Kashmir which killed 40 Indian paramilitary police, reported Reuters.

    Ground fire has flared between the two nuclear-armed belligerents along the border as well.

    The Indian attack targeted the Jaish-e-Mohammed (JeM), the group that claimed credit for the suicide attack. India said a large number of JeM fighters had been killed, but Pakistani officials said the strike was a failure and inflicted no casualties, wrote Reuters.

    “This was not a retaliation in true sense, but to tell Pakistan has capability, we can do it, but we want to be responsible, we don’t want an escalation, we don’t want a war,” Major General Asif Ghafoor told a news conference, describing the downing of the Indian MiGs.

    European markets softened across the board, possibly on the news.

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    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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