Latest in EU chief proposes plan to 'urgently' increase defense spending by mobilizing around $840 billion
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EU chief proposes plan to 'urgently' increase defense spending by mobilizing around $840 billion
"Europe is ready to massively boost its defense spending," European Commission President Ursula von der Leyen said Tuesday.CNBC - 6h -
EU unveils $840 billion "ReArm Europe" plan to boost defense spending
European Union leader Ursula von der Leyen says the bloc is "in an era of rearmament," as Trump casts rising doubt on old alliances.CBS News - 5h -
EU chief unveils €800bn plan to ‘rearm’ Europe
‘We are ready to step up’ says Ursula von der Leyen after US suspends military aid to Ukraine. Europe live – latest updates A five-part plan to bolster Europe’s defence industry and increase ...The Guardian - 8h -
EU president aims for €800 billion of defense funding. How it would work.
European Union President Ursula von der Leyen on Tuesday proposed a funding program that she says could mobilize close to €800 billion ($844 billion) of defense spending.MarketWatch - 6h -
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Netflix Plans to Spend $1 Billion Making Content in Mexico Over the Next 4 Years
Netflix CEO Ted Sarandos says the money will go toward projects like Alfonso Cuarón’s film Roma, which was made in Mexico and went on to international acclaim.Wired - Feb. 20 -
Where NATO members rank on defense spending
President Trump has called on NATO allies to increase their defense spending to 5 percent, with only three countries currently meeting the 2 percent threshold, while NATO Secretary General Mark ...The Hill - 6d -
Starmer pledges boost in UK defense spending
Ukrainian Prime Minister Keir Starmer pledged billions of dollars for defense spending before he met with President Trump at the White House. CBS News' Willie James Inman has more.CBS News - 5d -
EU to propose new common fundraising to fuel defence splurge
Also in this newsletter: Ireland moves to relax its rules for deploying peacekeepersFinancial Times - 13h -
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EU leaders prepare 'concrete' measures on defense financing, sources say
The EU is expected to announce "concrete" measures on boosting defense financing this week, sources said, as Europe and the U.S. clash over support for Ukraine.CNBC - 1d -
Why Germany’s debt rules are a bellwether for EU defence spending
Also in this newsletter: can European lawmakers convince the US to change its tone on digital taxes?Financial Times - Feb. 25 -
Starmer commits to raise UK defense spending to 2.5% of GDP by 2027
Prime Minister Keir Starmer says the U.K. will raise defense spending to 2.5% of gross domestic product by 2027ABC News - Feb. 25 -
U.K. to Raise Defense Spending to 2.5% of G.D.P. by 2027, Starmer Says
Prime Minister Keir Starmer, who is set to meet with President Trump on Thursday, said he would increase British spending on defense to 2.5 percent of G.D.P. by 2027.The New York Times - Feb. 25 -
How European nations are appealing to Trump, boosting defense spending
European nations that are part of NATO are boosting their defense spending and are appealing to President Trump's demands on contributions. Charlotte Howard, The Economist's executive editor, joins ...CBS News - 4d -
McConnell: Failure to reach spending deal a 'disaster' for national defense
Former Senate Republican Leader Mitch McConnell (R-Ky.) is warning that failure to reach a spending deal with critical adjustments for federal spending levels and priorities would be a “recipe for ...The Hill - 4h -
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EU to keep climate goals but loosen rules for companies, says green chief
Bloc has to balance protection of the planet and economic growth, Teresa Ribera arguesFinancial Times - 5d -
GSK proposes raising chief’s pay to as much as £21.6mn a year
UK drugmaker says Emma Walmsley is underpaid compared with global competitors as it abandons diversity targetsFinancial Times - 5d -
Europeans rally around Zelenskyy but will struggle to formulate a plan to defend Ukraine
The showdown in the Oval Office has exposed the huge rift between the US and EuropeFinancial Times - 3d -
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EU plans to relax gas storage targets for member states
Brussels hopes a ‘more flexible’ filling trajectory will reduce market disruptionFinancial Times - 6d -
Gaza ceasefire talks stall, as Egypt proposes long-term reconstruction plan
Israel had agreed partial troop withdrawal by 9 March, but start of second phase of truce hits impasse. Talks aimed at maintaining the ceasefire in Gaza hit an impasse in Cairo on Saturday over ...The Guardian - 3d -
Egypt proposes $53bn Gaza rebuild as alternative to Trump plan
Government presents document at Arab League summit outlining its postwar strategy for Palestinian territory . Egypt has proposed a $53bn (£42bn) plan to rebuild Gaza, in a rushed attempt to present ...The Guardian - 1h -
EU spends more on Russian oil and gas than financial aid to Ukraine – report
Europe estimated to have bought €22bn of fossil fuels from Russia in 2024 but gave €19bn to support Kyiv. The EU is spending more money on Russian fossil fuels than on financial aid to Ukraine, a ...The Guardian - Feb. 24 -
BP’s going back to petroleum as it plans more oil spending and production
Embattled oil major BP on Wednesday unveiled what it billed as a strategic reset, planning to increase oil and gas investment while reducing outlays for greener fuels.MarketWatch - 6d -
How the House Republican budget plan hopes to cut trillions of dollars in spending
The budget plan that narrowly passed in the House of Representatives proposes trillions of dollars in cuts over 10 years. CBS News' Taurean Small reports.CBS News - 5d -
USAID cuts are just the start of Trump, Musk plan to slash agency spending
The dismantling of the United States Agency for International Development (USAID) appears to be the beginning of President Trump's efforts to instill massive cuts across federal agencies. CBS News' ...CBS News - 5d -
Germany’s Merz in ‘difficult’ talks over plans to boost defence spending
Debate over multibillion-Euro top-up to military fund is playing a central role in exploratory coalition discussionsFinancial Times - 4d -
‘Free world needs a new leader’, says EU foreign chief after Trump Zelenskyy row
The EU foreign policy chief, Kaja Kallas, said ‘the free world needs a new leader’ and that it was up to Europeans to take this challenge. Live reaction to Zelenskyy’s clash with Trump and ...The Guardian - 3d -
US defense secretary saw few political drawbacks in backing joint chiefs ouster
Pete Hegseth viewed his political odds as being unchanged in pushing Trump to fire Gen Charles Brown. Don’t let a billionaire’s algorithm control what you read. Download our free app to get ...The Guardian - 4d -
Apple Plans to Invest $500 Billion in U.S. as Trump Tariffs Loom
The company pledged the multibillion-dollar investment over the next four years and said it would create 20,000 jobs. The Texas facility is set to open in 2026.The New York Times - Feb. 24 -
Eli Lilly plans at least $27 billion in new U.S. manufacturing investments
It comes as companies work to build goodwill with Trump, who has emphasized reshoring manufacturing to the U.S. and reducing reliance on foreign supply chains.CNBC - 5d -
Eli Lilly to spend up to $27 billion in new domestic plants amid Trump tariff threat
Drugmaker Eli Lilly plans to invest up to $27 billion to build four new pharmaceutical manufacturing sites in the U.S., the company announced Wednesday, a move that comes as President Trump is ...The Hill - 6d -
Eli Lilly to spend $27 billion to expand U.S. manufacturing with four new sites
Eli Lilly & Co.’s stock rose 1.6% Wednesday, after the drug company announced plans to expand its U.S. manufacturing sites by adding four more locations this year, along with 13,000 high-wage jobs.MarketWatch - 6d -
TSMC, the Chip Giant, Is to Spend $100 Billion in U.S. Over the Next 4 Years
The investment plan, announced at the White House, was made as the Trump administration pushes to bring chip making back to the United States.The New York Times - 17h -
EU reveals plans to hit climate goals by helping dirty industries clean up
European Commission recommits to 90% emissions cut by 2040, and will support steel and cement in transition. The EU executive has insisted it will stay the course on its climate goals, while ...The Guardian - 6d -
Deere shareholders reject anti-DEI proposal, as Trump pressures Apple to abandon diversity plans
Shareholders of Deere & Co. voted overwhelmingly to reject a proposal seeking to curb the farming-machinery maker’s diversity, equity and inclusion plans — the latest sign of investor resistance to ...MarketWatch - 5d -
Israel proposes Gaza plan that gives it tighter military control than before war
Plan for IDF-protected ‘humanitarian hubs’ to selectively issue aid casts doubt on Israeli intent to withdraw. The Israeli military has presented the UN and aid organisations with a plan for ...The Guardian - 4d
