Finance news

Help GPS resiliency against Russia with this one simple change

GPS vulnerability is a serious national security issue and many federal departments have a role. But if this is everyone’s responsibility, no one is responsible.

NATO summit: Trump shock with announcement – ​​Why the Greenland dispute was never resolved

At the NATO summit, Trump reignited the conflict over Greenland. The US President is concerned with critical raw materials and a prestige arms policy project.

The US military is not organized for cyber war

Too much of this debate treats a new service as a judgment on Cyber Command’s performance. It is not.

State finances: Reform commission fails - no plan to combat rising debts

Borrowings for defense spending are increasing rapidly. The Debt Brake Commission should show the federal government a way out of permanent debt, but cannot agree on one.

Defense: Trump confuses the NATO summit – and then he praises Germany

Europeans and Canadians want to show that they are taking on more responsibility in the alliance. The US President comes as a splitter, but in the end relies on de-escalation again.

Why the stock market’s biggest laggards might be your best defense against a summer selloff

Low-volatility stocks are having a moment after a long stretch of underperformance.

Belgium splashes $3.5 billion to build shared air defense arsenal with the Netherlands

“After twenty years without one, Belgium will build again its own powerful air defence capability through this joint procurement,” said Belgian Defense Minister Theo Francken.

Ukraine to get ‘license’ for making Patriot interceptors, Trump pledges

"It’s a defensive weapon, which I like better than an offensive weapon,” Trump said. Russian media quickly picked up on the announcement.

Right sized for the fight, smaller Group 2 drones are solving for the limitations of larger UAS

[Sponsored] It’s fuel cells, not batteries, that let Group 2 unmanned VTOLS fulfill many missions of larger Group 3s.

Israel’s two giant state-run defense companies may go public, but there are hurdles

The current market presents an opportunity for the Israeli government to raise billions of dollars while improving the companies’ efficiency and access to capital.

Trump turns on Spain and demands Greenland as NATO summit exposes cracks

The office of Prime Minister Pedro Sanchez said it was treating Trump’s statements as business as usual, adding bilateral relations benefited both nations.

Hong Kong survivors push to close ‘consent loophole’ in reforms to sex crime laws

Hong Kong women’s rights advocates and sexual assault survivors have urged authorities to close a loophole that allows defendants to claim an honest but mistaken belief in consent before a sexual act, warning that it could undermine proposed reforms. The Association Concerning Sexual Violence Against Women and survivor group We Are X said on Wednesday that the government’s updated stricter definitions of consent should also be extended to this long-standing defence. “If we agree that the...

Nato, Indo-Pacific 4 pledge defence, tech boost as deeper China-Russia ties spark alarm

Nato and its Indo-Pacific partners have pledged to expand cooperation in defence industry and advanced technology as the transatlantic security alliance boosts its military build-up in the face of deepening Russia-China ties. Secretary General Mark Rutte on Tuesday met with top officials from the Indo-Pacific Four (IP4) partner nations – Australia, Japan, New Zealand and South Korea – on the sidelines of the Nato summit in Ankara. The talks featured South Korean President Lee Jae Myung and...

Trump says he doesn't want anything to do with Spain: 'Cut off all trade'

U.S. President Donald Trump slammed Spain for not contributing enough to NATO, as he attended the defense alliance summit in Turkey.

NATO Secretary General defends allied contributions in US war against Iran

Mark Rutte expects allies to “reaffirm that Iran must never acquire nuclear weapons,” during meetings at the NATO Summit in Ankara today.

China shows snazzy clip of DF-17 missile on state TV in show of force

Experts say the broadcast answers Asia-Pacific military exercises by other countries, warning the U.S. that the weapons could cause pain in any war.

Pre-FOMC Minutes Market Snapshot: VIX Spikes, Precious Metals Hold Strong, DXY Pauses. What are you pricing in?

Hey guys, ​Just wanted to do a quick pre-FOMC minutes market check. Multi-asset setup is looking pretty interesting ahead of the release today. Here is where things stand right now: ​Gold (XAU): 4,119.29 (+0.45%) - strong defense here, showing some good relative strength. ​Silver (XAG): 60.55 (+1.14%) - outperforming gold today. ​Brent Crude: 76.48 (+1.53%) - catching a bid despite the broader deflation worries. ​DXY: 101.03 (-0.08%) - completely flat, waiting for direction. ​VIX: 16.14 (+3.73%)

Philippine president backs defence chief over China sanctions

Philippine President Ferdinand Marcos Jnr has broken his silence on China’s sanctions against his defence chief, in remarks seen as a closing of ranks that could complicate diplomacy between Manila and Beijing in the near term. Observers say the president’s public backing of outspoken Defence Secretary Gilberto Teodoro amounts to a “good cop, bad cop” approach that signals Manila’s resolve and may strengthen defence cooperation with its allies. Speaking to reporters in Vancouver over the...

Enemy within? The dispute endangering Taiwan’s ‘T-Dome’ air defence plan

Taiwan’s flagship “T-Dome” air defence programme is facing possible delays to 2028 after budget disputes left one of its critical indigenous missile systems without a clear funding source. The island’s opposition-controlled legislature approved a reduced NT$780 billion (over US$24 billion) special defence budget in May, rejecting a larger NT$1.25 trillion package proposed by the government. Among the excluded projects was funding for the indigenous Chiang-Kong (Strong Bow) anti-ballistic missile

Taiwan's top shipbuilder bets on defense drive amid China's power play

China's rare missile test will push wary Asia-Pacific countries to close ranks, analysts say

China's rare launch of a ballistic missile launch into the Pacific will push regional powers to deepen their defense ties.

South Korea loses Canada submarine deal but cements top-tier defence status

South Korea may have lost Canada’s multibillion-dollar submarine order, but analysts say its close-run contest with Germany has handed Seoul a different prize: proof that it can challenge one of the world’s traditional undersea warfare powers on a stage watched closely by defence buyers. Canada chose Germany’s Thyssenkrupp Marine Systems (TKMS) as the preferred bidder for a programme worth about US$40 billion to build up to 12 diesel-electric submarines, along with long-term maintenance and...

DIU seeks cheaper drones to carry out Reaper missions

The notice comes after nearly 30 Reapers were reportedly lost in combat against Iran.

US Army tests autonomous mass mine-laying

The Army’s Volcano mine dispenser can blanket 32 acres of terrain with up to 960 mines. Now, the Army is testing an autonomous version.

Senate Dems seek Air Force, contractor answers on Qatari-gifted Air Force One conversion

The lawmakers allege they’ve been “stonewalled” when asked for more detailed information about the controversial “bridge” aircraft.

US Navy fears ballistic missile subs can be hit by drones, anti-tank rockets

The U.S. Navy is searching for better methods of protecting its missile subs, as well as the shore installations that support them.

UK to join US Army’s PrSM program, buy $254M in long-range missiles

The planned buy is not designed to supplant work with Germany on a Deep Precision Strike weapon, the UK said.

NATO summit: Europe wants to make Trump merciful with arms deals

Can alliance loyalty be bought? First, the Europeans tried to impress the US President with higher defense spending. Now gun shops should take care of it.

Top meeting in Ankara: Trump is annoyed with Europe at the NATO summit

Europe is making an effort to do more for its own security and defense - also to satisfy the US President. But Donald Trump is still at odds with some allies.

How the Commerce Department plans to win more foreign defense sales

In an exclusive preview of America’s new arms sale policies, a key Commerce official says the department is ready to “help US companies” in foreign markets.