Finance news

◇ unclassifiedusa · europe

Navy sees scores of applications for tech-focused Reserve unit, mirroring Army push

The Navy is trying to entice senior engineers, software architects and other technical leaders in the civilian world for the new unit.

◇ unclassifiedusa · europe

Poland awards $4.8 billion A26 submarine deal to Saab

Under a separate deal, Warsaw aims to urgently acquire a “gap filler” boat for its Baltic Sea operations that will be used to train its sailors.

◇ unclassifiedchina · asia · usa

Why is Taiwan’s KMT calling for the government to spend billions more on drones?

After rejecting a government spending package, Taiwan’s opposition Kuomintang (KMT) has submitted its own proposal worth several billion dollars more to boost the military’s unmanned vehicle capabilities and the island’s broader drone sector. The move reflects growing consensus across Taiwan’s political spectrum that unmanned systems will be central to the island’s defence in the future. Defending its decision to reject the government’s proposal for the sector, KMT officials on Monday said the..

12d06/29⚠ war-conflict · 2/5

Army wants up to 100 drone boats to fill watercraft gap in Pacific

As the Army contends with a shortage of boats in the Pacific, it's looking at autonomous watercraft to fill the gaps.

◇ unclassifiedusa · europe · japan

◇ unclassifiedusa · europe

Poland signs $4.8 billion contract for Saab-made A26 submarines

“It is a very large and long-term deal — it will make the Polish Navy one of the strongest in all of NATO. A strong Polish submarine force strengthens security in our shared Baltic Sea and across the alliance,” the Swedish Prime Minister Ulf Kristersson said on X.

◇ unclassifiedusa · europe · israel

Israel’s Smart Shooter sees c-UAS demand grow across US military: Exec

Smart Shooter VP Scott Thompson told Breaking Defense that the evolving threat of small drones has sparked high demand for kinetic solutions.

◇ unclassifiedchina · asia

2 PLA navy ships to visit Hong Kong for 5-day port call

Two People’s Liberation Army (PLA) naval vessels are set to visit Hong Kong for a five-day port call from July 2, during which residents will be able to board them and take part in cultural exchange activities. China’s Ministry of National Defence said on Monday that a PLA naval task group would visit Hong Kong waters from Thursday to next Monday to mark the 29th anniversary of the city’s return to Chinese sovereignty. The guided-missile destroyer Nanning and the guided-missile frigate Hengyang.

◇ unclassifiedusa · europe · russia

Israel sells Spyder air defense systems to Romania for $2.3 billion

According to manufacturer Rafael, it's the largest contract in its history.

◇ unclassifiedchina · asia · usa

China warns popular phone games may provide map data to train foreign military AI models

China’s top anti-espionage agency on Monday warned gamers that a company with overseas defence ties may be obtaining geospatial data via an augmented reality game. The warning quoted media reports about “the militarisation of civilian data” that said billions of environmental scans from a popular mobile phone game were being used to train AI models with potential battlefield applications. In a social media post, Beijing’s Ministry of State Security (MSS) cited reports that said an AI company...

◇ unclassifiedchina · asia · europe

Malaysia narrows hunt for replacement missiles after Norway axes contract

Malaysia has narrowed its search for a replacement anti-ship missile system to four potential suppliers after Norway revoked an export licence for a deal that Kuala Lumpur said was already more than 90 per cent paid for. The cancellation came after Oslo tightened arms-export rules in a shift that analysts say reveals how access to advanced arms can depend as much on supplier-country politics as on signed contracts. Turkey, South Korea and two unspecified European nations were being assessed as..

◇ unclassifiedgermany · europe · australia

Aviation: Record sum: EU development bank invests three billion in Airbus

The European Investment Bank is intended to help finance EU priorities - such as security and defense. The development bank is providing Airbus with more money than ever before to any company.

◇ unclassifiedgermany · europe · uk

Defense industry: How Germany is becoming a modern arms power

Ukraine teaches: National security does not depend on tanks, but on automated systems. The industry should play to its strengths. A guest post.

Arms spending: Government investments are higher than they have been since 2000

Government investments rose more sharply last year than in 25 years. Why is this and why Germany is still below the EU average.

Because of arms spending: Because of arms spending: Government investments are higher than they have been since 2000

Germany is investing more than it has in 26 years. But this is mainly due to the high expenditure on armaments. Spending is falling elsewhere.

12d06/29⚠ war-conflict · 2/5

Why Myanmar’s closer ties to India are unlikely to give China cause for concern

Myanmar President Min Aung Hlaing’s back-to-back visits to India and China have been described as an effort to avoid becoming overdependent on either country, but analysts said there was little reason to think it would erode Beijing’s “overarching influence”. The former military leader’s visit to India was his first trip abroad since assuming the presidency in April and saw the two countries agreeing to increase cooperation in areas such as trade, energy and defence. They also pledged to renew..

◇ unclassifiedchina · asia · india

Highest increase since 2000: More money for armaments drives government investment

The German state is investing more than ever since 2000. In 2025, government investment in equipment increased by almost 50 percent. Military weapon systems in particular are financed.

More money for defense: Highest increase since 2000: German state is investing more

In 2025, government investments in Germany will increase more than they have in 25 years. More money is flowing in one area in particular. Nevertheless, there is still some catching up to do compared to the EU.

◇ unclassifiedusa · china · japan

China widens Japan export curbs, targeting drone makers, nuclear firms and defense institutes

China blacklisted four of Japan's government defense research institutes and placed dozens more Japanese firms under tightened export restrictions Monday.

12d06/29⚠ war-conflict · 2/5

China adds 20 Japanese entities to export-control list over remilitarisation concerns

The Ministry of Commerce said on Monday that to deter Japan’s “remilitarisation” and its attempts to “acquire nuclear weapons”, it has added 20 Japanese entities “involved in enhancing Japan’s military capabilities” to an export-control list. Twenty Japanese entities have also been added to a separate watch list. The moves were made to safeguard China’s national security and interests and to fulfil international obligations such as non-proliferation, the ministry added. A ministry spokesperson..

◇ unclassifiedchina · asia · usa

12d06/28

Everything tied to the data center is suddenly suspect. Can Big Tech fix it?

The hyperscalers are just beginning to figure out the consequences of the AI arms race, and now everyone seems to be against them.

◇ unclassifiedusa

13d06/28⚠ war-conflict · 3/5

How is China shaping up in the global competition to sell air defence weapons?

Chinese firms joined their global competitors at Eurosatory, the recently concluded arms fair, where the latest air defences were the centre of attention in a market made more important by the drone warfare seen in Ukraine and the Middle East. Experts said China could anticipate sales from the Global South thanks to its cost efficiency, but geopolitical constraints would continue to bar it from US-allied countries that were looking for combat-proven and interoperable systems. China’s largest...

◇ unclassifiedchina · asia · europe

13d06/28⚠ war-conflict · 3/5

China isn’t Europe’s real problem

Generals losing a war examine the enemy, battlefield and their own forces. Brussels prefers a different sequence, ordering new weapons first and worrying about the diagnosis later. That instinct was on display at the recent European Council meeting. Faced with a trade deficit it cannot close and dependencies it cannot shake, the European Union agreed on a new label: “global macroeconomic imbalances”. To solve them, European Commission president Ursula von der Leyen was reportedly directed to...

◇ unclassifiedchina · asia · europe

13d06/28⚠ war-conflict · 1/5

The more I follow Palantir Technologies, the less I think it's just an AI software company.

A few years ago I would've described Palantir as a defense contractor with great software. Now I'm not so sure. It feels like it's evolving into an operating system for organizations that need to make decisions from massive amounts of data. The government side is still a huge part of the story, and that's probably not changing anytime soon. Defense, intelligence, logistics, battlefield software... those businesses continue to grow. But what caught my attention recently is how much the commercial

Social◇ unclassifiedsocial-signal

13d06/28

Bundeswehr: Pistorius is wasting potential in expanding the reserve: soldiers under the old compulsory military service are left out

On Wednesday, the cabinet is expected to pass the law with which Pistorius wants to strengthen the Bundeswehr reserves. But the defense minister excludes former military service members.