Listen to Vladimir Putin, and one would think Russia is marching to victory in Ukraine and overcoming whatever minor economic challenges it faces, thanks to the support of its patriotic people. On November 30th state television showed Mr Putin visiting a command post wearing military fatigues, receiving reports on the latest offensive. “The Russian troops…
The world’s biggest weapons-producing companies saw a 5.9% increase in revenue from sales of arms and military services last year as demand was fed by the wars in Ukraine and Gaza as well as countries’ rising military spending, according to a report released Monday. Twenty-three of the 26 companies in Europe, excluding Russia, saw their…
SEOUL, South Korea (AP) — U.S. Defense Secretary Pete Hegseth praised South Korea’s plans to raise its military spending, saying Tuesday that the Asian ally will take a larger role in defending itself from North Korean aggressions as the allies must brace for regional contingencies. Modernizing the decades-long alliance between the U.S. and South Korea…
With an eye on growing Russian aggression in Europe, Warsaw’s military planners built out the country’s armed forces, turning it last year into the largest European military in the North Atlantic Treaty Organization. It ramped up military spending to 4.7% of gross domestic product this year—the highest in the alliance. A multibillion-dollar spending spree has…
“Trust me, it’s paradise.” That’s how Leonardo DiCaprio’s character describes Southeast Asia in the 2000 cult classic “The Beach.” The region is a wonderland of white-sand beaches, tropical landscapes, vibrant cities and delicious street food. PREMIUM A China Coast Guard ship uses a water cannon against a Philippine Bureau of Fisheries and Aquatic Resources ship…
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…
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%…