Travel, Special Report, Americas

[AprpdlNuh]

You scan the area as the dust settles; it reveals nothing more than small fires where each of the armored vehicles had been just a moment ago. You exchange horrified looks with the remaining members of your platoon. It becomes excruciatingly clear to all of you that it's time to run. As you take a step or two, a brilliant light fills your sight. Eighteen miles away, the effectiveness of the attack is confirmed. Welcome to the United States Army's world of future combat. At the center of this vision for the immediate future is what took out you. Your caravan -- the non-line-of-sight cannon (NLOS-C). Capable of rapidly firing a number of different rounds -- from what appears to be out of nowhere -- the NLOS-C can accurately put the kibosh on enemy movement quickly, effectively and with decidedly less collateral damage. Read about this essential leap forward in American military firepower on the next page.|FRANKFURT, Feb 24 (Reuters) - The European Central Bank should continue its bond-buying stimulus programme at least until the end of the year and keep it open-ended to cushion the fallout from any conflict in Ukraine, ECB policymaker Yannis Stournaras told Reuters. He was the first ECB official to spell out how events in Ukraine, where fears of a full-on Russian invasion are rising, may affect plans by the euro zone central bank to stop its asset purchases and raise interest rates to curb high inflation. In the exclusive interview, Greek central bank chief Stournaras also said the ECB should formally take rate cuts off the table but also give itself greater leeway over the timing of any hike. Investors are expecting the ECB to announce plans to end its long-established Asset Purchase Programme (APP) at its next policy meeting on March 10, paving the way for a rate hike by the end of the year. But Stournaras said the economic outlook was now "much more uncertain", meaning the ECB should err on the side of caution. Europe relies on Russia for roughly 40% of its natural gas needs and imports grains from it and Ukraine. Stournaras said the crisis was bound to depress prices "in the medium to long term" after an initial spike. Monetary policy is not well suited to tackle these shocks," he said. "It can do it, but at a very high cost in terms of output and employment.




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