News

US urges Asian allies to spend 5% of GDP on defense
The United States says its allies in Asia should spend 5 percent of their gross domestic product on defense, which is the ...
Vietnam Q2 GDP Growth Estimated at 7.6% Y/y, Deputy PM Says
HANOI (Reuters) -Vietnam's gross domestic product is expected to have grown 7.6% in the second quarter from a year earlier, ...
South Korea says defense spending 'very high' compared to U.S. allies
South Korea's Defense Ministry said Friday that its defense spending as a share of gross domestic product is already "very ...
Spain rejects NATO’s anticipated 5% defense spending proposal as ‘unreasonable’
Spain has rejected a NATO proposal to spend 5% of gross domestic product on defense needs that’s expected to be announced ...
Australia Says It Will Base Defense Spending on Country’s Needs
Australia’s deputy prime minister said the nation will base defense spending on national interest, amid calls by President Donald Trump for US Indo-Pacific allies to increase military budgets.
The Fed Lowers Its Economic Growth Forecast Again
Uncertainty about tariffs and inflation appear to be taking their toll on the economy. Members of the Federal Reserve’s ...
Spain asks for break on NATO contribution: Report
Leaders in Madrid urged NATO Secretary-General Mark Rutte to exempt them from a proposed defense spending goal set at 5 ...
Yonhap News Agency on MSN2d
Pentagon calls 5 pct of GDP spending on defense 'global standard' that applies to S. Korea, other Asian allies
The U.S. Defense Department on Thursday described President Donald Trump's call for North Atlantic Treaty Organization allies ...
Canada plans to hit NATO spending target early and reduce reliance on US defense, Carney says
Canada will meet NATO’s military spending guideline by early next year and diversify defense spending away from the United ...