Finance news

Great Britain: Minister's resignation plunges British Prime Minister Starmer deeper into crisis

Support for Keir Starmer is dwindling. With Defense Minister John Healey he has lost another important cabinet member.

Armament: Hensoldt receives order from the Netherlands for combat system

The arms company will become the Netherlands' main supplier for the modernization of its equipment. Additional defense companies are to be named as subcontractors in the next few weeks.

◇ unclassifiedusa · europe

UAE’s EDGE Group launches European arm out of Paris

EDGE Europe will have two sites: a head office in Chaillot in central Paris focusing on government interactions and investments, and a manufacturing site in Bordeaux for design, integration and development of platforms, per the company’s statement.

Armor: Are we arming correctly?

Germany is trying to ramp up its defense industry - and is in danger of failing due to wrong priorities and old structures.

Armament: How do we prepare for the future?

Economist Moritz Schularick criticizes the lack of investment in drones and modern technology for the Bundeswehr. Ex-army inspector Alfons Mais sees deficits in implementation. A debate.

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UK defense secretary resigns over government spending plan

In his resignation letter to Starmer, Healey said he had now seen the defense funding plan, and it “falls well short of what is required."

◇ unclassifiedusa · europe · russia

Defense: FCAS-Aus: German companies want to help develop fighter planes

After the FCAS exit, new alliances are being sought for a fighter jet. Some German companies have now signed a strategic position paper - and are also relying on help from Spain.

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Great Britain: Defense Minister Healey resigns in dispute over military budget

After months of struggling to increase the military budget, the British Defense Minister is drawing conclusions. In his resignation letter, Healey accuses Prime Minister Starmer of not providing sufficient resources for the country's defense.

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Bundeswehr: OHB and Rheinmetall forge cooperation for military project

The satellite manufacturer OHB and the defense company Rheinmetall are establishing a joint venture. With the new company they want responsibility for a large Bundeswehr project.

German, Spanish FCAS companies rally to preserve breakthrough fighter tech

With existing FCAS contracts ending this year, the companies want the government to keep spending money on a sixth-generation warplane.

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Armament: OHB and Rheinmetall forge cooperation for military project

The satellite manufacturer OHB and the defense company Rheinmetall are establishing a joint venture. With the new company they want responsibility for a large Bundeswehr project.

MBDA showcases hybrid high-energy laser, interceptor counter-drone system

The European missile house says that the hybrid platform, which could enter service with Germany before the end of the decade, has been designed to address the “growing challenge of small, fast, and low-cost unmanned aerial threats.”

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China sanctions Philippine defence chief Gilberto Teodoro

China has sanctioned Philippine Defence Secretary Gilberto Teodoro Jnr, according to the Chinese foreign ministry. Beijing said on Thursday that Teodoro had repeatedly made erroneous remarks against China, undermined China’s legitimate interests and damaged bilateral relations. “To uphold China’s national sovereignty, security, and development interests, the Chinese side has decided to ban Teodoro, his spouse and his child from entering the Chinese mainland, Hong Kong and Macau,” the ministry...

KMT chief Cheng Li-wun meets Trump ally Steve Daines in Washington

The leader of Taiwan’s main opposition Kuomintang met Trump ally Steve Daines and other US lawmakers in Washington on Wednesday. In those talks, KMT chairwoman Cheng Li-wun outlined the party’s position on defence and energy, saying her party did not oppose American arms sales to the island, according to Taiwan’s United Daily News. Her meetings on Wednesday also included talks with Republican representatives John Rose and Chuck Fleischmann, and Democratic Representative Thomas Suozzi. According.

Great Britain: Crisis in London: Starmer's defense minister resigns in dispute over spending

There is already a lot of criticism of Keir Starmer's Labor government. Now the Prime Minister is also losing his Defense Minister because he gets less money than he wanted for the military.

◇ unclassifiedusa · europe · uk

British defense secretary John Healey resigns over defense funding

Healey said lack of sufficient funding in the forthcoming Defence Investment Plan could endanger UK security.

Government crisis in London: British Defense Minister resigns in the budget dispute

Because Prime Minister Keir Starmer doesn't budget enough money for the military, one of his most loyal comrades-in-arms is turning his back on him. The air is getting thinner for the British head of government.

◇ unclassifiedchina · asia · europe

UK defence chief John Healey resigns amid feud with Starmer over military spending

British ⁠Defence ⁠Minister John Healey ⁠quit on Thursday in a dispute over military spending, accusing Prime Minister Keir Starmer of failing to ‌commit the government resources that are needed to defend the country. The unexpected resignation, accompanied with ‌a scathing public letter, compounds the pressure on Starmer when he is facing a likely leadership challenge and exposes the crisis at the heart of government – how it can ramp up defence spending when there is no money to...

Government statement: Merz promotes black-red reform course

The Chancellor sees a need for action in defense, economic and social matters. “During this election period, we want to renew the foundation of our country so that it will last for many years, perhaps even for a decade,” said Merz.

Has Beijing given up on a nuclear weapon-free Korean peninsula?

China might be downplaying nuclear weapons by not mentioning the issue after Xi Jinping’s visit to North Korea but that does not mean it has accepted its neighbour’s growing arsenal, according to analysts. Neither Beijing nor Pyongyang mentioned nuclear weapons or denuclearisation in their statements on the Chinese president’s two-day state visit to Pyongyang this week. Since Xi’s summit with US President Donald Trump in May, observers have been speculating that Beijing’s stance on Pyongyang’s..

◇ unclassifiedgermany · europe · usa

Iran War: Hegseth: “If we have to negotiate with bombs, we will negotiate with bombs”

The USA and Iran attacked each other again on Thursday night. The US Secretary of Defense still sees the possibility of an agreement - but President Trump is “ready to fight if necessary”.

Armament: Merz wants to “continue the actual core of FCAS”

The Chancellor does not see the failure of the German-French fighter jet project as the end of the joint arms ambitions. The defense ministers of both countries would work out new approaches by July, said Merz at the ILA near Berlin.

PHOTOS: The sights of Berlin Air Show 2026 on Day 2

A selection of photos from the second day of Germany’s largest aerospace expo.

◇ unclassifiedusa · europe

Mercedes-Benz joins Europe’s defense push with anti-drone vehicle deal

Mercedes becomes the latest European carmaker to turn to the defense industry in the hope that partnerships can revive the auto industry's ailing fortunes.

Arms industry: New alliance sought for fighter jet project

What happens after the FCAS is eliminated and what role does German industry play in the billion-dollar struggle for air defense?

Bundeswehr: German rearmament awakens old fears – warns Fischer

Germany is rearming, which is expressly desired by its partners. But they also have other feelings - or so believes former Foreign Minister Joschka Fischer.

31d06/10

Canada moves to ban under-16s from social media, regulate AI

Canada’s culture minister on Wednesday introduced legislation that would ban children under 16 from having social media accounts and require AI chatbot services to limit production of harmful content. The proposed Digital Safety Act makes Canada the latest in a wave of countries cracking down on social media platforms over concerns of harm to children. “We have seen the very serious consequences that online harms can have … The safety of children cannot be an afterthought,” said Culture Minister

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Possible Move from the US, Looking to Learn

Hello Everyone, Apologies in advance if this post breaks any of the rules of the subreddit, please let me know if changes need to be made. I'll start with some context before asking my questions: I'm an Italian citizen (29M) that came to live to the U.S when I was around 15, because of my parent's work. Fast forwarding to about 2 years ago, when I started working as a Software Dev and started putting money in the stock market and my 401k here in the US (I'm not sure what the equivalent is in EU)

Social◇ unclassifiedeurope

31d06/10

CCA showdown and FCAS fallout, as Berlin Air Show gets underway

Catch what’s new on the first day of the sprawling defense expo outside the German capital.