Hegseth says Defense Dept eliminates hundreds of millions in 'wasteful' spending after DOGE findings
U.S. Defense Secretary Pete Hegseth signed a memo on Thursday that would cancel over $580 million in 'wasteful spending' at ...
Taiwan's president says the defense budget will exceed 3% of GDP in military overhaul
Taiwanese President William Lai Ching-te said Thursday that the island’s defense budget will exceed 3% of its economic output ...
Germany's new leader plans a huge boost in defense spending, but can he deliver?
Under pressure from Trump and with Russia menacing, Germany's incoming leader plans to revamp the country's defense posture.
Can Europe’s New Military Spending Help Its Economies?
The continent’s leaders hope a surge of investment, to fill a security void left by the United States, can ignite growth. It ...
Germany approves massive spending package to boost defense
The move comes as Europe scrambles to strengthen its security amid concerns over U.S. commitments under President Donald ...
German lawmakers approve huge defense and infrastructure spending
Germany's would-be next chancellor, Friedrich Merz, won lawmakers' approval to loosen strict debt rules for higher defense ...
European leaders push for even more defense spending — despite plans for $867 billion 'ReArm' package
"I think this is only the start," Lithuanian President Gitanas NausÄ—da told CNBC's Silvia Amaro on the EU's plans to boost ...
German parliament votes for massive debt reform, defense spending hike
Germany's parliament voted Tuesday in favor of incoming chancellor Friedrich Merz's massive debt reform, which will free up ...
Germany’s likely next leader wins parliament’s backing for huge defense and infrastructure spending
Friedrich Merz passed a major test as the outgoing parliament voted 513-207 in its final meeting to approve the plans.
CEO of ThyssenKrupp's warship division says attainable market could triple as defense spending surges
That comes on the back of the German parliament voting in favor of a major fiscal package, which includes changes to debt ...
Germany’s Merz wins vote to massively expand borrowing and super-charge military spending
The German chancellor-in-waiting, Friedrich Merz, has won a vote in parliament to allow a huge increase in state borrowing ...
With defense spending set for global boost, will there be design opportunities?
US foreign policy is expected to signal an estimated €800bn increase in defense spending across Europe, which could be seen ...