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Guns Over Growth? Pak Hikes Defence Budget By 20%, Slashes Overall Spending
Pakistan, whose overall debt has increased to nearly PKR 76,000 billion (approx USD 270 billion) in the first nine months of the current fiscal year, seems to be prioritising its military spending over development.
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Defence Or Environment? London Faces Spending Choices
Torn between growing geopolitical tensions and constrained public finances, Britain's finance minister Rachel Reeves is set to unveil feared trade-offs in a government spending review on Wednesday.
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India Well-Positioned To Deal With Negative Effects Of US Tariffs: Moody's
India is well-positioned to deal with the negative effects of US tariffs and global trade disruptions as domestic growth drivers and low dependence on exports anchor the economy, Moody's Ratings said on Wednesday.
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Donald Trump Eyes Huge 'Woke' Cuts In Budget Blueprint
US President Donald Trump on Friday eyed massive cuts targeting "woke" and "wasteful" spending in his first budget blueprint since he returned to power, while boosting defense and border security.
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Europe Can't Assume US Troop "Will Last Forever": Defence Secretary Pete Hegseth
US Defense Secretary Pete Hegseth on Friday warned NATO allies in Europe against assuming that the American troop presence on the continent would "last forever", as he urged them to spend more on defence.
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Trump Says NATO Members Should Raise Defense Spending To 5% Of GDP
Donald Trump on Tuesday pushed NATO members to boost their defense spending to five percent of GDP, underlining his long-standing claims that they are underpaying for US protection.
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Denmark Strengthens Greenland Security and Deploys Sled Dogs After Trump's US Takeover Threat
US President-elect Donald Trump's renewed proposal to buy Greenland has drawn sharp international criticism, prompting Denmark to announce a major defense spending boost in the Arctic.
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'Operation Save Rishi' Aims To Get Him Through Key Vote
Rishi Sunak said this week he's putting UK defense spending on a "war footing." He might as well have been talking about his own position.
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Australia To Buy 20 Hercules Military Transport Planes In $6.6 Billion Deal
Australia said on Monday it would spend A$9.8 billion ($6.60 billion) to buy 20 new Super Hercules military transport aircraft, ahead of a visit later this week by U.S. Secretary of State Antony Blinken and Defense Secretary Lloyd Austin.
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US Pentagon Scraps COVID-19 Vaccine Mandate
US Secretary of Defense Lloyd Austin on Tuesday rescinded the Pentagon's Covid-19 vaccine mandate, a move required by Congress over his objections as part of the 2023 defense spending bill.
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US Congress Approves Space Force, Russia Pipeline Sanctions
The US Senate approved a massive defense spending bill on Tuesday, sending Donald Trump a $738 billion package that creates a new space force, fulfilling a presidential priority, and seeks to curb Russia's sprawling energy ambitions.
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Anil Ambani's Bankrupt Reliance Naval Up 600% In Record Winning Streak
The revival of the shipyard is crucial for Anil Ambani, who is betting on cash flows from government defense contracts as Prime Minister Narendra Modi plans to spend billions of dollars on national security. Brokers say the stock's parabolic advance is likely driven by speculators, rather than by a change in the company's fortunes.
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Pentagon Ends Boeing's "Kill Vehicle" Contract, Cites Technical Problems
The US Defense Department said on Wednesday it is cancelling a Boeing Co contract for a "kill vehicle" due to technical design problems after spending $1.2 billion on the project.
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Trump Praises 'Rocket-Ship' Increase In NATO Spending
US President Donald Trump said on Tuesday he was happy with NATO allies' rising spending on defense, hailing a "rocket-ship" increase since he took office.
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US Defence Spending Up 5% In Trump's 2020 Budget Plan
President Donald Trump's 2020 budget provides for a five percent increase in defense spending, notably to finance building his controversial border wall, while slashing funds for diplomacy by 23 percent.
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Guns Over Growth? Pak Hikes Defence Budget By 20%, Slashes Overall Spending
Pakistan, whose overall debt has increased to nearly PKR 76,000 billion (approx USD 270 billion) in the first nine months of the current fiscal year, seems to be prioritising its military spending over development.
-
Defence Or Environment? London Faces Spending Choices
Torn between growing geopolitical tensions and constrained public finances, Britain's finance minister Rachel Reeves is set to unveil feared trade-offs in a government spending review on Wednesday.
-
India Well-Positioned To Deal With Negative Effects Of US Tariffs: Moody's
India is well-positioned to deal with the negative effects of US tariffs and global trade disruptions as domestic growth drivers and low dependence on exports anchor the economy, Moody's Ratings said on Wednesday.
-
Donald Trump Eyes Huge 'Woke' Cuts In Budget Blueprint
US President Donald Trump on Friday eyed massive cuts targeting "woke" and "wasteful" spending in his first budget blueprint since he returned to power, while boosting defense and border security.
-
Europe Can't Assume US Troop "Will Last Forever": Defence Secretary Pete Hegseth
US Defense Secretary Pete Hegseth on Friday warned NATO allies in Europe against assuming that the American troop presence on the continent would "last forever", as he urged them to spend more on defence.
-
Trump Says NATO Members Should Raise Defense Spending To 5% Of GDP
Donald Trump on Tuesday pushed NATO members to boost their defense spending to five percent of GDP, underlining his long-standing claims that they are underpaying for US protection.
-
Denmark Strengthens Greenland Security and Deploys Sled Dogs After Trump's US Takeover Threat
US President-elect Donald Trump's renewed proposal to buy Greenland has drawn sharp international criticism, prompting Denmark to announce a major defense spending boost in the Arctic.
-
'Operation Save Rishi' Aims To Get Him Through Key Vote
Rishi Sunak said this week he's putting UK defense spending on a "war footing." He might as well have been talking about his own position.
-
Australia To Buy 20 Hercules Military Transport Planes In $6.6 Billion Deal
Australia said on Monday it would spend A$9.8 billion ($6.60 billion) to buy 20 new Super Hercules military transport aircraft, ahead of a visit later this week by U.S. Secretary of State Antony Blinken and Defense Secretary Lloyd Austin.
-
US Pentagon Scraps COVID-19 Vaccine Mandate
US Secretary of Defense Lloyd Austin on Tuesday rescinded the Pentagon's Covid-19 vaccine mandate, a move required by Congress over his objections as part of the 2023 defense spending bill.
-
US Congress Approves Space Force, Russia Pipeline Sanctions
The US Senate approved a massive defense spending bill on Tuesday, sending Donald Trump a $738 billion package that creates a new space force, fulfilling a presidential priority, and seeks to curb Russia's sprawling energy ambitions.
-
Anil Ambani's Bankrupt Reliance Naval Up 600% In Record Winning Streak
The revival of the shipyard is crucial for Anil Ambani, who is betting on cash flows from government defense contracts as Prime Minister Narendra Modi plans to spend billions of dollars on national security. Brokers say the stock's parabolic advance is likely driven by speculators, rather than by a change in the company's fortunes.
-
Pentagon Ends Boeing's "Kill Vehicle" Contract, Cites Technical Problems
The US Defense Department said on Wednesday it is cancelling a Boeing Co contract for a "kill vehicle" due to technical design problems after spending $1.2 billion on the project.
-
Trump Praises 'Rocket-Ship' Increase In NATO Spending
US President Donald Trump said on Tuesday he was happy with NATO allies' rising spending on defense, hailing a "rocket-ship" increase since he took office.
-
US Defence Spending Up 5% In Trump's 2020 Budget Plan
President Donald Trump's 2020 budget provides for a five percent increase in defense spending, notably to finance building his controversial border wall, while slashing funds for diplomacy by 23 percent.
