Paraguay's ex-President Peña and former central bank chief charged over Ueno Bank collapse
Prosecutors in Paraguay have charged former President Santiago Peña and ex-central bank chief Carlos Carvallo Spalding over the collapse of ...
Türkiye plans to increase defence spending by 229 per cent under a three-year economic plan designed to boost domestic arms production and advanced military technology.
Vice President Cevdet Yılmaz announced the spending target on Sunday as he presented the government’s Medium-Term Program, covering 2027 to 2029.
Yılmaz said Türkiye aims to further develop its domestic defence-technology sector and boost the production of high-value goods.
The government has not given a detailed breakdown of the planned increase or specified the baseline used to calculate the 229 per cent figure.
It has also not said how much of the allocated funds will go towards research, development and manufacturing, or how much will be used to offset inflation.
The new defence budget is part of a broader economic plan that has lowered Türkiye’s growth forecast for 2026 to 3.3 per cent and projects year-end inflation at just over 28 per cent.
In a related development on Monday, Turkish pilots were set to begin flight training on Eurofighter Typhoon jets as Ankara prepares to bring the European fighter aircraft into service.
According to the Turkish Defence Ministry, pilots have completed terminology instruction and are set to begin an eight-month flight-training programme.
This will be followed by three months of instructor-pilot training, with additional Turkish crews expected to take part in subsequent groups, the ministry said.
Türkiye has ordered 20 new Eurofighter Typhoons from the UK and hopes to acquire another 24 used aircraft - 12 each from Qatar and Oman - to meet its short-term operational needs.
The new British-built fighters, however, are not expected to arrive in Türkiye for several years.
Ankara has sought additional warplanes while developing its home-grown, fifth-generation KAAN fighter jet, designed to eventually replace much of Türkiye’s ageing F-16 fleet.
Meanwhile, Türkiye has also expanded the production and export of locally manufactured drones, missiles, armoured vehicles, warships and electronic warfare systems.
Flagship projects include the Kızılelma combat drone and the country’s first purpose-built aircraft carrier.
Democrats' sweeping victory in the U.S. midterm elections has sent technology stocks plunging, as investors fear tougher AI regulations could slow infrastructure development and threaten the boom that has driven market gains this year.
Romanian authorities said late on Thursday that two additional planes had received bomb threats including a KLM flight to Tel Aviv that had a layover in Bucharest.
At least six people have been killed and 15 injured after a gunman opened fire in Kraków's main square, Polish authorities have said. The suspect, a Polish national, opened fire on people at random in Rynek Główny at around 3pm local time on Saturday, according to Polish police.
U.S. President Donald Trump has predicted a breakthrough in efforts to end the war in Ukraine after meeting Russian President Vladimir Putin’s envoy, Kirill Dmitriev, ahead of U.S.-mediated peace talks between Moscow and Kyiv in Abu Dhabi on 10-11 November.
Two people, including a child, were killed and 16 others injured when an intercity bus crashed in eastern France on Friday morning, authorities confirmed.
Armenia’s Prime Minister Nikol Pashinyan has said he hopes the country will have visa-free travel with the European Union (EU) by 2029, the country’s state news agency Armenpress has reported.
Azerbaijan, the United States and Armenia have launched trilateral technical planning groups to advance the Trump Route for International Peace and Prosperity (TRIPP), marking another step towards implementing the regional connectivity project agreed at the Washington peace summit in August 2025.
Syria is aiding Riyadh with military advice and training as Saudi Arabia comes under attack by Yemen's Houthis, and has sent a limited number of military personnel to the kingdom, two Syrian military sources and a senior U.S. official said.
India's delivery of guided Pinaka rockets to Armenia is drawing renewed attention as analysts assess the military and strategic significance of one of New Delhi's most prominent defence export deals.
Türkiye’s parliament has ratified a defence agreement with Saudi Arabia and Pakistan, strengthening military cooperation between the three countries amid rising tensions in the Middle East.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment