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.

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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 ...
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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.
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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.
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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.
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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 ...
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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 discussions
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Apple boosts U.S. investment plans with $500 billion pledge amid Trump tariff threat

Apple on Monday reaffirmed a commitment to spend hundreds of billions on U.S. soil in the coming years amid pressure from President Donald Trump.
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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.
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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 ...
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Europe at a crossroads: can the EU meet its challenges?

FT correspondents discussed how Europe will respond to geopolitical and economic dangers
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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.
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How the EU wants to tweak its merger rules to boost growth

Also in this newsletter: Brussels sets the record straight on women’s rights
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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 2027
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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
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 ...
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Von der Leyen: EU to disburse €3.5 billion in aid for Ukraine sooner

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Starmer announces big cut to UK aid budget to boost defence spending

PM confirms rise in military spending to 2.5% of GDP by 2027 – three years earlier than planned. Keir Starmer has announced drastic cuts to Britain’s international aid budget to help pay for a ...
The Guardian - Feb. 25
Fight over Trump's spending powers boosts shutdown odds

Congressional negotiators racing to avert a government shutdown next month appear to have hit a wall on the question of whether to limit President Trump’s powers to spend the money. On one side of ...
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Starmer urged to use defence spending boost to revive UK manufacturing

Make UK chief calls for support for small businesses as Europe faces pressure from US to shoulder security cost
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Top EU lawmaker: Europe is waiting for 'stability from Germany'

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Anthropic Raises $3.5 Billion, Boosted by Its Latest Claude AI Model

Anthropic’s fundraising success shows how a well-timed product launch can dazzle investors.
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Trump’s Rift With Europe Adds Fuel to a Rally in Defense Stocks

A flurry of trading has helped push the Pan-European Stoxx 600 index to a record high as investors expect Europe’s governments to increase military spending.
The New York Times - Feb. 18
Starmer unveils 4-step Ukraine plan: 'We are at a crossroads in history'

United Kingdom Prime Minister Keir Starmer unveiled a four-step plan for Ukraine. “We are at a crossroads in history,” Starmer said. His remarks come just days after Ukrainian President Volodymyr ...
The Hill - 1d
Italy defends plan to process asylum-seekers in Albania at EU’s top court

Yahoo News - Feb. 25
EU plans to relax gas storage targets for member states

Brussels hopes a ‘more flexible’ filling trajectory will reduce market disruption
Financial Times - 6d
Europe should hijack Trump’s revolutionary plans for the world

Liberal nationalists must respond with imagination to US policies rather than gripe at being cut out of Ukraine talks
Financial Times - 4d
GM raises dividend and unveils $6 billion buyback program to cheer weary shareholders

Uncertainty about tariffs and labor-cost headwinds have weighed on stock this year
MarketWatch - 6d
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
Grizzlies' Jaren Jackson Jr. boosts NBA Defensive Player of the Year chances with game-saving block

Jackson blocked Paolo Banchero's leaner as time expired to save the Grizzlies' win over the Magic.
Yahoo Sports - Feb. 22
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.
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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.
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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' ...
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EU and UK in talks about Europe-wide defence funding amid fear of US pullback

Donald Trump’s re-engagement with Russia has given new urgency to European discussions
Financial Times - Feb. 24
‘Trump is abandoning Ukraine and wants a weaker EU’: Dominique de Villepin on Europe’s moment of truth

The former French PM says the US is no longer an ally of Europe – but has joined Russia and China as an ‘illiberal superpower’. Live reaction to Zelenskyy’s clash with Trump and Vance ...
The Guardian - 3d
Target to expand online marketplace, boost product assortment as it aims for $15 billion in sales growth by 2030

Target hosted an investor day in New York City and outlined its plans to grow over the next five years after issuing fiscal 2024 fourth quarter earnings.
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'Music to our ears': Qualcomm CEO welcomes TSMC's $100 billion investment to boost U.S. chipmaking

Cristiano Amon, CEO of Qualcomm, said TSMC's investment in U.S. chip manufacturing will be important for the economy.
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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

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