Orban says Hungary to secure Russian oil for Serbia
Hungarian Prime Minister Viktor Orban said on Thursday (27 November) that his country will hold talks on Friday aimed at securing sufficient Russian c...
As European NATO countries rush to strengthen their armed forces, large pension bills threaten to divert funds from urgently needed military hardware.
European NATO members are racing to boost defence capabilities amid growing security concerns over Russia and doubts about long-term U.S. support. But generous military pensions are quietly eating into defence budgets, complicating efforts to strengthen firepower.
Reuters analysis of budget data from 13 NATO members shows that pensions consume an average of 12% of defence spending - reaching nearly 20% in Belgium, Bulgaria and Italy, and 16% in France. These costs, while included in NATO’s spending figures, do not translate into new equipment or operational strength.
Germany, with a lower pension share at 11.5%, appears better positioned to expand its military capabilities, while countries like France and Italy risk falling short of NATO targets if pension costs are excluded.
Although 23 of NATO’s 32 members claim to meet the alliance's 2% of GDP spending goal, that number drops significantly when pension spending is excluded. For instance, France barely meets the threshold, and Italy has reclassified pensions to meet NATO expectations.
Some countries, such as Belgium, are considering reforms like raising the military retirement age from 56 to 67. However, adjusting pension systems is politically sensitive and may affect recruitment and morale.
"If you don’t invest in the people behind the weapons, you’ll end up with empty tanks and no one to drive them,” warned Emmanuel Jacob, head of European soldiers’ rights group Euromil.
As NATO eyes even higher spending benchmarks - up to 5% of GDP, as demanded by U.S. President Trump - Europe faces a hard choice: fund more missiles and drones, or continue supporting costly military pensions that deliver no combat edge.
massive fire that swept through the Wang Fuk Court housing complex in Hong Kong’s northern district of Tai Po has claimed 83 lives, with nearly 300 residents initially reported missing, authorities confirmed on Thursday.
A passenger aircraft from Polish carrier LOT veered off a taxiway at Lithuania's Vilnius airport after arriving from Warsaw on Wednesday, halting all traffic, the airport operator said.
At least 36 people have died in a fire that ravaged a residential apartment complex on Wednesday according to John Lee the chief executive of Hong Kong.
Netflix crashed on Wednesday for about an hour in the U.S. as it launched season five of "Stranger Things", with the service becoming inaccessible to many subscribers within minutes of the episodes going live at 8 p.m. local time.
Thousands of Bulgarians took to the streets of Sofia on Wednesday to protest against the government’s draft budget for 2026, the first to be prepared in euros ahead of the country’s planned eurozone entry on 1 January 2026.
European Union ministers will urge senior U.S. trade officials to implement more elements of the July EU–U.S. trade deal on Monday, including cutting tariffs on EU steel and lifting duties on goods such as wine and spirits.
Google has announced a major update for its Pixel 10 series: owners can now send and receive files with Apple devices using AirDrop, without any collaboration from Apple. The new functionality applies to iPhones, iPads, and macOS devices, though for now it is limited to the Pixel 10 line.
European shares climbed on Thursday, as a relief rally swept through global markets after artificial intelligence (AI) bellwether Nvidia reported strong earnings, while investors awaited the release of delayed U.S. jobs data.
Mainland China and Hong Kong equities slipped on Tuesday, Reuters reported, as investors grew cautious ahead of delayed U.S. economic data expected to clarify the Federal Reserve’s policy outlook.
A federal jury in California ruled on Friday that Apple must pay $634 million to Masimo, a medical-monitoring technology company, for infringing a patent related to blood-oxygen reading technology.
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