HBC News Network: Your Place for NewsHutorian Economy Opening Back up For BusinessA trader looks on the floor of the Acton Stock Exchange ReopensThe Bells rang at the Acton Stock Exchange as Hutori's formerly premier trading House roared back to life. Years of caretaker governments and uncertainty, and the fleeing of the Royal Family, sent shockwaves through the Hutorian economy, with many of it's largest companies fleeing for other shores, and foreign capital drying up. With the Monarchist Party back in the saddle with an expectation of stable governance, and the returning of numerous companies to Hutori, investor confidence has returned, which proved as the ASX was firing on all cylinders rising to it's highest levels in centuries.
The return of stable governance in Bekenial has indeed began paying dividends for the Hutorian business community. Horizon Technology Corporation and Lexington Entertainment are the two biggest names to begin their moves back into Hutori. Horizon Technology is considered one of the largest consumer electronics firms in Terra. They produce everything from large flat screen TVs, to cell phones, home computers and laptops. They also have a large and robust Aerospace Defence Division, that has created some of Hutori's most prominent military technology, including the HF-35, the Artemis Space Shuttle and the Satanil series of IBCMs. HTC is opening an office for it's Consumer Electronic's Division back in Hutori, though notably, it's Aerospace Defence Division is still widely keeping it's capabilites in Dorvik until the lay of the land is widely more understood. In addition, Terra's largest electronic entertainment company, Lexington Entertainment, announced it's triumphant return to Hutori, with the reopening of it's corporate Headquarters in Saint Adrian, and the reopening of three of it's most prominent gaming Studios; Lexington Gaming Saint Adrian, Lexington Gaming Axminister and Lexington Gaming Kaliburg. Work has reportedly already begun on a new generation of games for the Gamestation 2, with Lexington announcing this was only the beginning. Other notable Hutorian firms began coming out of the woodwork, including Ross Motors, who have began the process of reopening their plants in Glentingham, the Rocc-Cola Group and Carmichael Industries. In addition, it's widely expected that Gold Lion Capital will eventually make the move back to Hutori from Lourenne; Gold Lion Capital is one of the largest hedgefunds in Terra and is seen as the personal financial arm of the Hutorian Royal Family.
More Economic News is Expected in the Coming Day
Commonwealth Armed Forces Seek Public Tenders as DND Begins Centennial ReviewNewly promoted General Victoria Berrigan, the new Chief of the Defence Staff of the Hutorian Armed ForcesMinister of National Defence Jacob Carmichael was on hand at a ceremony at the Department of National Defence in Bekenial to appoint Lieutenant General Victoria Berrigan as the newest Chief of the Defence Staff and a promotion to full General. This coincided with the announcement that the Commonwealth Armed Forces would be embarking on the 52nd Century Defence Review. The Hutorian Armed Forces had a long standing tradition of centennial reviews to consistently update the Hutorian Armed Forces doctrine, operational capacity, composition and strategic outlook for the following century. Significant changes have occurred to Hutori's military capacity since the time of the last review. The last time such a Review occured Hutori was a recognized nuclear power, had a number of international bases, held what was considered to be the largest Army in the northern hemisphere with 18 Oversized Divisions as it's base, and a blue water Navy that had six Aircraft Carrier at it's core. Today, thanks to budgetary cuts from prior caretaker government, the Royal Army of Hutori is at it's smallest since just after the Great Terran War, it's Aircraft Carriers and the bulk of it's Navy are in the mothball yard, and Hutori has destroyed it's nuclear capabilities. While the majority of the Review is still ongoing, General Berrigan has stated that the Review will focus on the composition of the Army, scaling down the number of Division it fields, cutting down the number of Numbered Fleet Commands from 8 to 3, and retiring it's Bomber fleet, with their raison d'etre no longer applying. Hutori will also be scaling back the size of it's Marine Corps, with all but one of it's Merrick class Amphibious Assault Vessels having been retired or scrapped.
Aside from composition Defence Minister Carmichael has stated that the DND has opened up public tenders and appropriations on a number of products while retiring numerous others. The HB-22 Emancipator Bombers are being retired and sold, with interested parties already looking at occurring Hutori's long serving strategic Bomber. The HB-0 Ghost Stealth Bombers are being moved into the Aircraft Reserve, with their ultimate fate currently unknown. The Royal Hutorian Navy is moving forward with finally scrapping the hulks of it's old Aircraft Carriers, de-commissioning it's fleet of Sentinel class nuclear Submarines, all but one of it's Bunker class Replenishment Vessels and Merrick class Amphibious Assault Ships, and scrapping or selling it's Fleet of Bekenial class Frigates and Sutton class Patrol Vessels. The Royal Hutorian Air Force is also moving to sell it's stock of HF-35A Blizzard and HF-35C Cyclone Fighters, with the A being replaced by HF-35D Super Blizzards. Public tenders were opened on replacing the H7 and H8 series of Rifles, the Leopard 2H6E Main Battle Tank and the Slipstream Executive Jet. While DND stated that both the Rifles and Tanks might be later renewed, with the Tender merely looking into other bidders, the Slipstream was being permanently retired, thanks to it's age and lack of operational capability. The tender explicitly states that the new Executive Jet, needs to be capable of serving essentially as a mobile 24 Orange Avenue, with 4 being ordered total; one each for the Prime Minister and Monarch and two spares.
Good news was announced for the Royal Hutorian Navy, as it has already placed orders for 16 Kalistani Luxon II class Cruisers, known in Hutori as the Adelia class, 24 Bekenial II class Frigates, known originally as the 5000 class Frigate, 16 CPV50 class Coastal Patrol Vessel, that remain unnamed, and 12 Adelia class Submarines, a project jointly created between Dorvik and Hutori.
General Berrigan has announced that the Review is expected to take at least two years.