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Saudi Arabia has temporarily shut down its 1,200-kilometre East-West oil pipeline after it was hit by a drone attack, with Riyadh and Baghdad sayin...
All NATO members are expected to meet the longstanding target of spending 2% of GDP on defence this year, but only three currently reach a new, higher target set by alliance leaders in June, according to NATO data released Thursday.
Military spending across NATO has risen sharply in recent years, spurred by Russia’s 2022 full-scale invasion of Ukraine and calls from U.S. leaders for European allies to invest more in their own defence. Last year, more than 10 of NATO’s 32 members fell short of the 2% goal agreed in 2014.
Figures for 2025 show all allies meeting the target, with seven just at the 2% minimum and several slightly above. Poland leads in defence spending as a share of GDP at 4.48%, followed by Lithuania at 4% and Latvia at 3.73%. These three countries are currently the only NATO members exceeding the new 3.5% target agreed at the June summit in The Hague.
The new goal is part of a broader plan to reach 5% of GDP on defence and security-related investments by 2035, covering areas such as cybersecurity and infrastructure upgrades for military logistics.
Speaking at the opening of a Rheinmetall ammunition factory in Unterluess, Germany, NATO Secretary General Mark Rutte welcomed the increased spending but stressed that funding alone does not guarantee security.
“Cash alone doesn’t provide security,” he said. “Deterrence doesn’t come from 5%. Deterrence comes from the capability to fight potential enemies.”
Overnight Iranian strikes on an air base in Jordan damaged multiple U.S. aircraft and left one without a wing, American media reported. Meanwhile, explosions were heard across parts of southern Iran according to local media reports.
Iranian President Masoud Pezeshkian arrived in New Delhi on Friday to attend the weekend BRICS summit, amid the ongoing U.S.-Iran conflict, joining a host of foreign dignitaries.
Ukrainian forces struck a Russian oil refinery in Siberia and a seaport in Dagestan in the past 24 hours, President Volodymyr Zelenskyy said. He will meet Canadian Prime Minister Mark Carney on Thursday to discuss air defences for Ukraine over winter.
Mexico and the U.S. are racing to secure a trade deal before the U.S. midterm elections in less than eight weeks, according to six sources familiar with the talks, with failed negotiations between Washington and Canada adding urgency.
Dubai’s property market has spent years climbing. Now, for the first time since 2021, prices are moving in the opposite direction.
Saudi Arabia has temporarily shut down its 1,200-kilometre East-West oil pipeline after it was hit by a drone attack, with Riyadh and Baghdad saying the strike originated from Iraq.
Russia's Defence Ministry said its forces struck two cargo vessels overnight in the Ukrainian Black Sea port of Chornomorsk, the Interfax news agency reported on Saturday.
U.S. President Donald Trump said on Saturday he would “love” to see British-run Northern Ireland unify with Ireland, remarks made during a visit to Dublin that drew a sharp response from pro-British unionists in Northern Ireland.
BRICS leaders have called for maximum restraint over the war in the Middle East, warning against actions that could further worsen tensions as the United States and Iran resume strikes against each other.
Dubai’s property market has spent years climbing. Now, for the first time since 2021, prices are moving in the opposite direction.
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