DEFENCE BUDGETS
Share
EU and Ukraine Move BraveTech into Testing Phase for Battlefield Technologies
The European Defence Agency will lead the next phase of the EU-Ukraine defence innovation initiative, under a €35 million agreement focused on testing emerging technologies against operational scenarios drawn from the war in Ukraine. The European Defence Agency and the…
European defence spending jumps as governments respond to prolonged insecurity
Newly published data show global military expenditure reached $2.887 trillion in 2025, with Europe recording a 14 per cent rise as NATO members, Russia and Ukraine continued to expand defence budgets. Global military expenditure rose again in 2025, with Europe…
France and Poland launch joint military satellite project as Gdańsk summit sharpens defence agenda
France and Poland used their first bilateral summit under the Treaty of Nancy to widen defence cooperation, backing a joint military communications satellite project, closer industrial coordination and a broader strategic dialogue on European security. France and Poland moved to…
War Stocks Lose Firepower: Investors Rethink Europe’s Defence Boom as Battlefield Realities Shift
For much of the past four years, Europe’s defence sector has enjoyed the sort of investor enthusiasm usually reserved for Silicon Valley. War, or the fear of it, proved a reliable stimulant. From the shock of Russia’s invasion of Ukraine…
Wartime Economy: Washington’s uneasy pivot to industrial mobilisation
The spectacle of Washington courting Detroit is not new. It carries the unmistakable echo of another era, when American industry was marshalled with urgency and purpose, and assembly lines once devoted to civilian comforts were repurposed for national survival. However,…
Ankara presses case for inclusion in Europe’s defence projects
Turkey is pressing for a wider role in Europe’s defence architecture as NATO allies reassess capability, industrial resilience and the future balance of responsibility between Europe and the United States. The issue has gained renewed relevance because of Ankara’s position…
IMF puts defence spending and conflict economics at centre of April outlook release
The IMF released analytical chapters on 8 April examining the macroeconomics of defence spending, conflict and recovery, placing security-driven fiscal pressures at the centre of its spring outlook cycle. The International Monetary Fund placed defence spending, conflict and post-war recovery…
From Cyprus to the Falkland Islands: Britain’s Defence Failures Are Slowly Mounting
The rhetoric coming out of Buenos Aires this past week should not be dismissed as mere posturing. When Javier Milei stands before his nation and reasserts Argentina’s claim to the Falkland Islands—while pledging to rebuild his country’s armed forces and…
Trump’s NATO threat sharpens focus on Europe’s role as Rutte heads to Washington
Donald Trump’s statement that he is considering taking the United States out of NATO has pushed Europe’s burden-sharing debate into a more immediate phase, despite fresh alliance data showing a sharp rise in European and Canadian defence spending. Donald Trump’s…
NATO says European allies and Canada sharply increased defence spending in 2025
NATO’s latest annual report says European allies and Canada increased defence spending by 20 per cent in real terms in 2025, with all 32 allies now at or above the alliance’s long-standing 2 per cent benchmark. European allies and Canada…