China’s top leadership has made “technological self-reliance and self-strengthening” a key goal in a proposal for the next five-year plan, as it grapples with export controls from the West amid an intensifying global tech race. It is the first time in at least a decade that technological self-reliance has been set as a major goal…
The U.S. economy could be on the upswing even if tariffs and stubborn inflation continue to weigh on growth, according to a new analysis. The National Association for Business Economics (NABE) said Monday it expects the nation’s gross domestic product — a measure of the total value of goods and services — to rise 1.8%…
Investors await key economic data Investors await new key economic data, interest rate decision 03:36 The U.S. economy surged between April and June after shrinking in the first three months of the year, driven by a large shift in imports tied to President Trump’s trade policies. By the numbers The country’s GDP increased at an…
By Gleb Bryanski and Vladimir Soldatkin MOSCOW (Reuters) -President Vladimir Putin said on Friday that Russia was looking to cut its military expenditure from next year, contrasting that with NATO’s plan to ramp up defence spending over the next decade. NATO allies on Wednesday agreed to raise their collective spending goal to 5% of gross…
MOSCOW (Reuters) -NATO’s decision to increase defence spending will not significantly affect Russia’s security, Foreign Minister Sergei Lavrov said on Thursday. NATO allies on Wednesday agreed to raise their collective spending goal to 5% of gross domestic product over the next decade, citing what they called the long-term threat posed by Russia and the need…
THE HAGUE, Netherlands (AP) — World leaders were gathering in the Netherlands on Tuesday for the start of a historic two-day NATO summit that could unite the world’s biggest security organization around a new defense spending pledge or widen divisions among the 32 allies. The allies are expected to endorse a goal of spending 5%…