Tag #Defense Spending

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NATO's Defense Spending Gap Prompts Proposal for Global Defense Bank

Facing a €500 billion defense investment shortfall, eight NATO nations missed their 2% defense spending target in 2024, prompting proposals for a global defense bank to leverage private investment and address security concerns.

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politico.eu
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Taiwan's Military Readiness: A Critical Assessment

Taiwan's military faces critical shortages in personnel and equipment, leaving it ill-prepared for a potential Chinese invasion; despite increased defense spending, experts warn of outdated strategies and insufficient adaptation to modern warfare.

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dw.com
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Flawed Ukrainian Fortifications: Gaps in Defense and Accountability

A Ukrainian parliamentary commission revealed flaws in the country's fortification system, including insufficiently built trenches and observation posts on the Pokrovsk front, exploited by Russian forces; investigations are underway, and legislation is proposed to centralize responsibility.

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bbc.com
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Denmark boosts Greenland defense spending amid Trump's renewed purchase interest

Denmark announced a \$1.5 billion increase in Greenland's defense spending following President Trump's renewed interest in purchasing the island, prompting Greenland's Prime Minister to reject the sale but acknowledge potential cooperation.

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bbc.com
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Denmark boosts Greenland defense spending after Trump's purchase bid

Denmark announced a minimum \$1.5 billion increase in Greenland's defense budget, purchasing new ships, drones, and upgrading airports for F-35s, in response to President Trump's renewed interest in acquiring the territory, prompting Greenland's rejection of a sale but an affirmation of continued co...

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hu.euronews.com
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Record EU Defense Spending Amidst Russian Threat and Trump's Uncertain US Policy

At a summit in Inari, Finland, EU officials highlighted the need for increased defense spending in response to Russia's actions, while also discussing potential shifts in US support under a Trump presidency.

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welt.de
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Germany's Bundeswehr Faces Personnel Crisis: Calls for Mandatory Service

Eva Högl, a member of the German parliament, urges immediate action to address the Bundeswehr's critical personnel shortage, advocating for a year of mandatory societal service for all genders, surpassing Defense Minister Pistorius's proposal for reinstating conscription for men. This plan aims to e...

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dw.com
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EU Faces Multiple Crises in 2025

The European Union faces multiple crises in 2025: supporting Ukraine amid potential US aid cuts, strengthening its defense against Russia while managing internal budget shortfalls, navigating potential trade wars, and overcoming internal political instability.

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fr.euronews.com
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Record Global Space Investment in 2023: US Dominance and Private Sector Decline

Global space investment hit a record \$106 billion in 2023, with the US leading at 64%, followed by China (12%) and Europe (11%), while private investment decreased by 32%.

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Industry, Innovation, and Infrastructure
bbc.com
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Denmark boosts Greenland defense spending after Trump reiterates purchase desire

In response to President Trump's repeated desire to buy Greenland, Denmark announced a significant increase in Greenland's defense budget, totaling at least US\$1.5 billion, including new ships, drones, and upgraded airports, while Greenland's prime minister stated that "we are not for sale.

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elpais.com
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NATO Debates Increased Defense Spending Amidst Ukraine War and Trump's Return

NATO is debating increasing defense spending, with eight members currently below the 2% GDP target agreed upon in 2014. The upcoming Trump presidency and Russia's war in Ukraine are key drivers, although some consider a short-term increase to 3% unrealistic.

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de.euronews.com
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EU Defense Spending Soars Amidst Russian Threat, Trump's Ukraine Policy Uncertain

Driven by Russia's actions, EU defense spending hit a record \279 billion euros in 2023, a 10 percent increase, while President-elect Trump's suggested policy changes toward Ukraine create uncertainty for future EU defense strategies.

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