Tag #Defence Spending

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theglobeandmail.com

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Jul 9, 16:14

Canada's 5% Defence Spending Pledge: A Cultural Confrontation

Canada's plan to boost defense spending to 5 percent of GDP by 2035 aims to counter growing threats from Russia and China in the Arctic, stimulate economic growth through job creation and technological innovation, and overcome a cultural aversion to defense investment.

Canada's 5% Defence Spending Pledge: A Cultural Confrontation

Canada's plan to boost defense spending to 5 percent of GDP by 2035 aims to counter growing threats from Russia and China in the Arctic, stimulate economic growth through job creation and technological innovation, and overcome a cultural aversion to defense investment.

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Decent Work and Economic Growth

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How will Canada's increased defense spending impact its economic and industrial landscape?

This increase in defense spending is intended not only to bolster military capabilities but also to stimulate economic growth through job creation, technological innovation, and the development of a robust domestic defense sector. The plan is to leverage defense spending as an industrial policy, fostering clusters of manufacturing, supply chains, and research and development.

dailymail.co.uk

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Jul 6, 16:12

FTSE 100 Soars 7.7% in First Half of 2025, Defense and Gold Stocks Lead

The FTSE 100 index rose 7.7 percent in the first half of 2025, its best performance since 2021, driven by strong gains in gold mining and defense stocks due to increased military spending and investor flight to safety amid global uncertainty.

FTSE 100 Soars 7.7% in First Half of 2025, Defense and Gold Stocks Lead

The FTSE 100 index rose 7.7 percent in the first half of 2025, its best performance since 2021, driven by strong gains in gold mining and defense stocks due to increased military spending and investor flight to safety amid global uncertainty.

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What factors contributed to the FTSE 100's strong first-half performance in 2025, and what are the immediate implications for the UK economy?

The FTSE 100 experienced its best first-half performance since 2021, rising 7.7 percent, driven by strong performances from gold miners and defense companies. Fresnillo, a precious metal miner, led with a 138 percent surge due to rising gold and silver prices. Defense stocks like Babcock, Rolls-Royce, and BAE Systems also saw significant gains, boosted by increased military spending.

euronews.com

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Jul 3, 22:13

Putin's War in Ukraine: A Tool for Maintaining Power

Estonian Prime Minister Kaja Kallas stated that Vladimir Putin's continuation of the war in Ukraine is directly tied to maintaining his power, suppressing domestic dissent, and deflecting attention from internal issues within Russia.

Putin's War in Ukraine: A Tool for Maintaining Power

Estonian Prime Minister Kaja Kallas stated that Vladimir Putin's continuation of the war in Ukraine is directly tied to maintaining his power, suppressing domestic dissent, and deflecting attention from internal issues within Russia.

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Peace, Justice, and Strong Institutions

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How does the war in Ukraine help Vladimir Putin maintain his power?

The ongoing conflict in Ukraine serves as a distraction from internal problems within Russia, preventing scrutiny of Putin's leadership. This is compounded by Russia's suppression of dissent, which effectively silences any opposition to Putin's actions. Consequently, the war enables Putin to maintain his authoritarian rule.

theguardian.com

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Jun 30, 10:14

Australia Urges US to Eliminate Tariffs Amid Trade Dispute

Australian Prime Minister Anthony Albanese is urging the US to eliminate tariffs on Australian goods, citing a free trade agreement, as a 90-day pause on a 10% baseline tariff is set to expire next week, with potential increases to 50% on steel and aluminum. Further straining relations, the US is pr...

Australia Urges US to Eliminate Tariffs Amid Trade Dispute

Australian Prime Minister Anthony Albanese is urging the US to eliminate tariffs on Australian goods, citing a free trade agreement, as a 90-day pause on a 10% baseline tariff is set to expire next week, with potential increases to 50% on steel and aluminum. Further straining relations, the US is pr...

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What are the immediate economic consequences of the anticipated US tariff reinstatement on Australia?

The US is expected to reinstate 10% tariffs on Australian goods next week, impacting sectors like medicine, meat, fruit, and potentially steel and aluminum. Prime Minister Albanese argues these tariffs should be zero, citing a pre-existing US-Australia free trade agreement.

bbc.com

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Jun 25, 19:17

NATO Agrees to Ramp Up Defence Spending to 5% of GDP by 2035

NATO leaders agreed to increase defense spending to 5% of GDP by 2035, driven by US President Trump's pressure and concerns about Russia and terrorism, despite some member states' reservations, reaffirming their commitment to collective defense under Article Five.

NATO Agrees to Ramp Up Defence Spending to 5% of GDP by 2035

NATO leaders agreed to increase defense spending to 5% of GDP by 2035, driven by US President Trump's pressure and concerns about Russia and terrorism, despite some member states' reservations, reaffirming their commitment to collective defense under Article Five.

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What are the immediate implications of NATO's decision to increase defense spending, and how does it affect global security dynamics?

NATO leaders agreed to increase defense spending to 5% of their GDP by 2035, aiming to bolster collective security against threats like Russia and terrorism. This decision follows pressure from US President Trump and comes despite some member states' reservations, such as Spain's objection to the 5% target. The agreement includes a minimum of 3.5% on core defense and up to 1.5% on related investments.

bbc.com

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Jun 24, 16:15

Germany Pledges Increased Defense Spending to Meet NATO's 5% Target

At a NATO summit in The Hague, German Chancellor Friedrich Merz announced Germany will increase defense spending to 5% of GDP by 2029, allocating €62.4 billion in 2025 rising to €152.8 billion by 2029, driven by Russia's aggression in Ukraine and a new NATO target.

Germany Pledges Increased Defense Spending to Meet NATO's 5% Target

At a NATO summit in The Hague, German Chancellor Friedrich Merz announced Germany will increase defense spending to 5% of GDP by 2029, allocating €62.4 billion in 2025 rising to €152.8 billion by 2029, driven by Russia's aggression in Ukraine and a new NATO target.

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Peace, Justice, and Strong Institutions

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What is the significance of Germany's commitment to increase its defense spending to 5% of GDP by 2029, and what are the immediate implications for NATO?

Germany has pledged to increase its defense spending to meet NATO's new 5% GDP target by 2029, allocating €62.4 billion in 2025, rising to €152.8 billion by 2029. This commitment comes as NATO leaders gather in The Hague for a summit focused on bolstering European defense in response to Russia's aggression in Ukraine.

dailymail.co.uk

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Jul 6, 07:13

Albanese Affirms Australia's Independent Foreign Policy Amidst US Alliance

Australian Prime Minister Anthony Albanese, in a speech marking 80 years since John Curtin's death, emphasized Australia's independent foreign policy while affirming the US alliance, highlighting engagement with regional powers like China and a commitment to multilateralism.

Albanese Affirms Australia's Independent Foreign Policy Amidst US Alliance

Australian Prime Minister Anthony Albanese, in a speech marking 80 years since John Curtin's death, emphasized Australia's independent foreign policy while affirming the US alliance, highlighting engagement with regional powers like China and a commitment to multilateralism.

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How does Albanese's speech redefine Australia's relationship with the US, considering its historical context and current geopolitical landscape?

In a recent speech, Australian Prime Minister Anthony Albanese asserted Australia's foreign policy independence while acknowledging the importance of the US alliance. He invoked John Curtin's wartime leadership, highlighting Curtin's resistance to external pressure and emphasis on regional security. Albanese stressed Australia's commitment to multilateralism and a rules-based order, alongside engagement with regional powers like China, Indonesia, India, and Papua New Guinea.

theglobeandmail.com

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Jul 6, 19:13

Canada to Boost Military Spending to 5% of GDP

Canada's Chief of Defence Staff announced a plan to increase military spending to 5 percent of GDP over 10 years, including significant pay raises for personnel, to address growing global uncertainty and bolster Arctic sovereignty; improved recruitment and retention rates are also noted.

Canada to Boost Military Spending to 5% of GDP

Canada's Chief of Defence Staff announced a plan to increase military spending to 5 percent of GDP over 10 years, including significant pay raises for personnel, to address growing global uncertainty and bolster Arctic sovereignty; improved recruitment and retention rates are also noted.

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What is Canada's plan to address the increased global uncertainty and how will this impact its military?

Canada will increase its military spending to 5 percent of its GDP over the next 10 years, with a focus on personnel pay raises and improved benefits. This increase follows a NATO agreement to boost defense spending across the Western alliance. The Canadian Armed Forces (CAF) aims to reach its full complement of 71,500 regular and 30,000 reserve force members.

theglobeandmail.com

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Jul 3, 16:14

Canada Faces $77 Billion Annual Deficits Due to Election Promises and Increased Military Spending

A Canadian fiscal forecast predicts annual federal budget deficits exceeding $77 billion due to election promises and a $90 billion yearly increase in military spending, totaling a $311 billion cumulative deficit over four years, prompting calls for fiscal adjustments to reduce the financial burden.

Canada Faces $77 Billion Annual Deficits Due to Election Promises and Increased Military Spending

A Canadian fiscal forecast predicts annual federal budget deficits exceeding $77 billion due to election promises and a $90 billion yearly increase in military spending, totaling a $311 billion cumulative deficit over four years, prompting calls for fiscal adjustments to reduce the financial burden.

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What is the projected annual cost of Canada's election promises and increased defense spending, and what are the potential long-term consequences?

A new report by the C.D. Howe Institute predicts that Canada's federal budget will face annual deficits exceeding $77 billion due to election promises and increased defense spending. This includes the cost of Liberal Party platform pledges and a commitment to boost military spending by $90 billion annually. The cumulative deficit over four years is projected at $311 billion.

news.sky.com

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Jun 27, 07:15

Brazil Rebukes NATO Defense Spending Increase, Urges Climate Funding Prioritization

Brazil criticized NATO's decision to increase defense spending to 5% of GDP, advocating for these funds to be redirected towards combating climate change and global hunger, highlighting the insufficient funding secured at last year's COP climate conference and the ongoing conflict in Ukraine.

Brazil Rebukes NATO Defense Spending Increase, Urges Climate Funding Prioritization

Brazil criticized NATO's decision to increase defense spending to 5% of GDP, advocating for these funds to be redirected towards combating climate change and global hunger, highlighting the insufficient funding secured at last year's COP climate conference and the ongoing conflict in Ukraine.

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Climate Action

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What are the immediate implications of the contrasting priorities between rising global defense spending and insufficient climate funding?

Brazil rebuked the recent NATO agreement to increase defense spending to 5% of GDP, arguing that these funds should instead be directed towards addressing climate change and global hunger. This follows last year's COP climate conference failure to secure sufficient funding for climate adaptation measures, exacerbating existing issues like rising sea levels and extreme weather events. President Lula da Silva further emphasized this point at the G7 summit, highlighting the massive amount of money spent on military activities globally.

theguardian.com

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Jun 25, 04:16

UK Security Strategy Warns of Heightened Threat, Calls for Increased Defense Spending

The UK government's security strategy warns of increased threats from Russia and Iran, necessitating preparations for potential domestic conflict and a significant increase in defense spending; the review contrasts sharply with previous assessments.

UK Security Strategy Warns of Heightened Threat, Calls for Increased Defense Spending

The UK government's security strategy warns of increased threats from Russia and Iran, necessitating preparations for potential domestic conflict and a significant increase in defense spending; the review contrasts sharply with previous assessments.

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How does the current security strategy differ from previous assessments, and what factors have contributed to this change in perspective?

The assessment links Russia's cyberattacks and sabotage attempts, along with Iran's attacks on dissidents, to a growing threat to the UK's security. This necessitates increased vigilance and bolstering national defenses, especially concerning undersea fiber optic cables vital for digital infrastructure. The report highlights a significant change from previous security assessments.

elpais.com

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Jun 21, 22:14

PSOE Crisis Deepens Amidst Corruption Probe and NATO Dispute

A Guardia Civil raid on the PSOE headquarters, coupled with Prime Minister Pedro Sánchez's resistance to increasing defense spending to 5% demanded by the US and NATO, creates a major political crisis within the Spanish Socialist Workers' Party, prompting internal consultations and potential governm...

PSOE Crisis Deepens Amidst Corruption Probe and NATO Dispute

A Guardia Civil raid on the PSOE headquarters, coupled with Prime Minister Pedro Sánchez's resistance to increasing defense spending to 5% demanded by the US and NATO, creates a major political crisis within the Spanish Socialist Workers' Party, prompting internal consultations and potential governm...

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How is the internal crisis within the PSOE affecting Prime Minister Sánchez's political strategy and international relations?

The raid and pressure from the US and NATO have intensified the crisis within the PSOE, forcing Sánchez to navigate internal party strife alongside international relations. Sánchez is consulting party leaders to address the corruption scandal and prepare for a July 5th party committee meeting and a July 9th parliamentary address on democratic regeneration. Illa's presence in Madrid, while denying succession plans, highlights the precarious political climate.

Showing 13 to 24 of 131 results