Europe News

Russian defence spending rises to record high - a third of the budget

Next year, Moscow's spending on the military and security forces will exceed spending on health care, education and social policy combined

1 December 2024

Business

US intelligence warns defence companies of Russian sabotage threat

US intelligence officials warned American defence companies on Thursday to increase security precautions following several acts of sabotage in Europe that officials have blamed on Russia.

22 November 2024

Europe News

EU plans to boost air and missile defence with 18 member states

Nearly 20 EU member states have signed a letter of intent to step up cooperation and share the costs of developing common defence systems.

21 November 2024

Europe News

Largest EU countries back joint defence bonds to stop Russia

The development followed Putin's signing of a revised nuclear doctrine that declared a conventional attack on Russia by any nation that is supported by a nuclear power will be considered a joint attack on the country.

19 November 2024

Europe News

Europe’s new missile, warship projects get cautious thumbs-up

The European defence sector grew by a remarkable 17% last year – but is still calling for longer-term certainty as governments seek to invest in security.

19 November 2024

Europe News

EU countries commit to joint drone, missile and warship development

Defence spending is set to reach €326 billion (1.9% of EU GDP) in 2024, but despite the increase in military spending, national efforts alone are not enough for the EU to be ready for high-intensity warfare, said outgoing top diplomat and EDA chief Josep Borrell.

19 November 2024

Europe News

Euroviews. Si vis pacem, para bellum

Experts warn that Russia will be able to launch a full-scale attack on the EU and NATO within the next five years. Europe must finally take its security into its own hands, Andrzej Halicki and Andrius Kubilius write.

14 November 2024

Markets

Why are European defence stocks skyrocketing after Trump's victory?

Trump's 2024 win and Republican control of Congress have spurred a surge in European defence stocks, as concerns over NATO funding and potential cuts in US military aid drive expectations that Europe will boost its defence spending.

13 November 2024

Korea

North Korea finalises landmark defence pact with Russia

The deal is considered the biggest between the two countries since the end of the Cold War.

12 November 2024

Europe News

Report: European countries are spending more on defence

The International Institute for Strategic Studies report says while defence spending is up, progress has been mixed and a lot still needs to be done to effectively counter threats from countries like Russia.

9 November 2024

Business

European countries are spending more on defence, a think tank says

European nations boosted their defences in response to the annexation of the Crimea Peninsula in 2014 and Russia’s full-scale invasion of Ukraine in 2022, a London-based think tank said Friday, but much remains to be done for them to be ready to face threats from Russia.

8 November 2024

Europe News

Boost EU defence capabilities against Putin, future commissioner warns

Europe needs to be ready to defend itself, not because of Trump's victory in the US, but because of Russian President Vladimir Putin, the new commissioner for defence and space told MEPs during his confirmation hearing on Wednesday.

7 November 2024

Europe News

Far-right forces split over how to defend the EU

Radical and far-right forces are gaining ground across the European Union with their ideas increasingly weighing on issues ranging from immigration to agriculture. Could defence be one of them?

6 November 2024

Europe News

Sweden rejects applications for thirteen offshore wind farms

The government believes that building the projects in question in the Baltic Sea area would have unacceptable consequences for Sweden's defence.

5 November 2024

Europe News

Germany and the UK sign a new defence pact, but will it help NATO?

Germany and the UK signed a significant defence treaty last week, but will it be enough to salvage NATO as Europe gears for a new change of US president this week?

4 November 2024

North Korea

North Korea launches longest ever intercontinental ballistic missile

North Korean leader Kim Jong Un was at the test site of a new intercontinental ballistic missile launch, which flew higher and for longer than other tested by North Korea in the past.

1 November 2024

Europe News

EU urgently needs to act on defence, says landmark report

The EU must signal to the US that it is prepared to pay its way on miltary and civil preparedness, former Finnish President Sauli Niinistö says in a new report presented to Commission President Ursula von der Leyen on Wednesday.

30 October 2024

Business

Germany and UK take aim with 'landmark' deal to make artillery guns

The new defence agreement will bring jobs to the UK as the Labour government seeks to build closer ties with European allies.

23 October 2024

Europe News

Security tops agenda at Riga Conference amid fears of Russian threat

Latvia is ramping up its defence measures in response to a potential Russian invasion, with security taking centre stage at this year’s Riga Conference.

18 October 2024

Business

Airbus to cut up to 2,500 jobs in defence and space unit

The European firm is suffering from disrupted supply chains, rapid changes in warfare, and increasing budget constraints.

16 October 2024