What’s New NATO’s military capabilities face significant risks from China’s near-total dominance in seven critical materials essential to defense technologies. Newsweek reached out to the Chinese Foreign Ministry and U.S. Department of Defense by email with a request for comment. Why It Matters Earlier this month, NATO‘s 32-member defense grouping published a report identifying “12…
People observe the changing of honor guards in front of Chiang Kai-shek Memorial Hall at the Liberty Square in Taipei, Taiwan in October. Photo by Ritchie B. Tongo/EPA-EFE Dec. 22 (UPI) — China has reacted angrily to the White House’s approval of $295 million in arms sales to Taiwan, according to a release Saturday from…
The US Navy has long held a missile-tube advantage over China. But China’s ships now have half as many vertical-launch-system cells as the US, research found. VLS capacity is important for naval combat, but it’s not everything. China is closing the missile-tube gap with the US Navy as the latter’s long-standing edge in vertical-launching-system cell…
Will the bull market continue into 2025? getty Happy New Year, all. My overall macro theme for 2024 was An Expansion of the Rally. The theme ultimately proved to be accurate, as the dominance of the Magnificent 7 stocks (Nvidia, Apple, Microsoft, Amazon.com, Alphabet, Tesla and Meta Platforms) dissipated during the second half of the…
1 of 3 | More than 12,000 soldiers and hundreds of tanks, ballistic missile launchers, amphibious assault vehicles, drones, fighter jets, helicopters and other military equipment participate in a massive parade in Beijing (2015). A report released Wednesday says the Chinese Communist Party intends to add more nuclear arms to its growing arsenal while expanding…
This is Russia’s imperialist thinking laid bare: a belief in greatness that demands sacrifice, a messianic purpose untethered from reason and a chilling comfort with violence. No war crime is too heinous, no bomb too big for a system that knows nothing but oppression and subjugation. Many in Russia are even bizarrely convinced they’re liberating Ukraine…
China’s Defense Minister Dong Jun made a public appearance on Wednesday, despite speculation that he had become the latest high-ranking official caught in President Xi Jinping’s anti-corruption campaign. In a statement Thursday, the Ministry of National Defense announced that Dong had met with heads of delegations attending the “Second Symposium on the Security Situation in…
Trump has long complained that many NATO allies are free-riding on the U.S. and not spending enough on defense. There is growing talk that the alliance should boost its goal for members to spend at least 2 percent of their GDP on defense to 3 percent. Portugal spends only 1.55 percent of its GDP on…
President Joe Biden holds up a semiconductor as he delivers remarks before signing an Executive Order on the economy in the State Dining Room at the White House in Washington, D.C., on February 24, 2021. On Monday, his administration announced further rules to prohibit the export of semiconductor technology to China. Pool File Photo by…
President-elect Donald Trump’s nominee to be Secretary of Defense Pete Hegseth leaves the Russell Senate Office Building on November 21, 2024 in Washington, DC. Kevin Dietsch | Getty Images Pete Hegseth, the already embattled choice by President-elect Donald Trump to lead the Pentagon, faces a new magazine report detailing his alleged alcohol abuse, sexual impropriety,…