Syria’s economic recovery gains pace with refugee returns and investor confidence
Syria’s economy is showing clear signs of recovery, with economic activity accelerating in recent months, the International Monetary Fund (IMF) said...
Australia will not raise its defence spending targets despite pressure from U.S. President Donald Trump, choosing instead to follow its own military strategy, Defence Minister Richard Marles said on Thursday.
Speaking on the sidelines of the NATO summit in the Netherlands, Australian Defense Minister Richard Marles told reporters that the country would maintain its current defence budget path, focusing on national priorities rather than international pressure.
Marles' comments come as U.S. President Donald Trump continues to push allies to spend more on defence, threatening those who resist with tougher trade policies. Trump recently criticized Spain for refusing to adopt NATO’s proposed 5% of GDP defence spending target and suggested punitive trade measures may follow.
Australia, which is not a NATO member, currently spends around 2% of GDP on defence and plans to increase this to 2.3% by 2033–2034. Marles emphasized that this decision reflects Australia’s own strategic assessments, not external demands.
“We have gone through our own process of assessing our strategic landscape... and what that has seen is the biggest peacetime increase in Australian defence spending,” he said.
Despite efforts by Canberra to secure a first face-to-face meeting between a senior Australian official and President Trump, Marles did not speak directly with the U.S. president or Defence Secretary Pete Hegseth during the summit.
Australia is also in talks to gain exemptions from new U.S. tariffs, including a 50% levy on steel and aluminium, but officials have not indicated whether a breakthrough is likely.
The Taliban in Kabul has rejected Russian claims that more than 23,000 militants from around 20 international terror groups are currently operating within Afghanistan.
Four years after Russia launched its full-scale invasion of Ukraine on 24 February 2022, the war is no longer defined by shock but by scale.
Seven people were killed after gunmen ambushed a police patrol in Kohat, a district in Pakistan’s north-west near the Afghan border, on Tuesday, in an attack that comes amid rising militant violence and heightened tensions between Pakistan and Afghanistan.
Four years into Russia’s invasion of Ukraine, the war can be measured not only in lives and territory, but in money. In Part One, the war’s cost was measured in casualties and kilometres. In Part Two, it is measured in billions of dollars.
The United Nations mission in Afghanistan said on Monday it had received “credible reports” that at least 13 civilians were killed and seven others injured in overnight Pakistani airstrikes inside Afghanistan.
Global debt surged to a record $348.3 trillion at the end of 2025, after nearly $29 trillion was added over the year, marking the fastest annual increase since the pandemic, according to the Institute of International Finance (IIF) report released on Wednesday.
Millions of Colombian roses have arrived in the United States just in time for Valentine’s Day, keeping the country on track as the world’s second-largest flower exporter. Between 15 January and 9 February, Colombia shipped roughly 65,000 tons of fresh-cut blooms.
Russia’s car market is continuing to receive tens of thousands of foreign-brand vehicles via China despite sanctions imposed after Moscow’s full-scale invasion of Ukraine in 2022, a journalistic investigation has found.
Türkiye’s national energy company, TPAO, has struck a new cooperation deal with U.S. energy giant Chevron, signing a memorandum of understanding to explore joint oil and gas exploration and production opportunities, the Turkish Energy and Natural Resources Ministry announced on Thursday.
Wall Street ended sharply lower on Tuesday as investors worried about artificial intelligence (AI) creating more competition for software makers, keeping them on edge ahead of quarterly reports from Alphabet and Amazon later this week.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment