Armenian foreign minister to skip CSTO council meeting amid frozen participation
Armenian Foreign Minister Ararat Mirzoyan will not attend the meeting of the Collective Security Treaty Organization (CSTO) Foreign Ministers Council ...
Greece plans to invest €25 billion in a sweeping multi-year defence strategy, Prime Minister Kyriakos Mitsotakis told parliament on Wednesday, marking a major step in modernising the country’s armed forces and reinforcing its strategic posture amid regional tensions and global uncertainty.
Greek Prime Minister Kyriakos Mitsotakis announced on Wednesday that the country plans to invest €25 billion ($26.99 billion) as part of a multi-year defence strategy aimed at modernising its armed forces and reinforcing national sovereignty.
Speaking to parliament, Mitsotakis emphasized that the investment marks a new era for Greece as it continues to recover from the severe economic crisis of 2009–2018 and seeks to maintain strategic parity with long-time rival Turkey.
According to officials familiar with the plan, the defence initiative will run through 2036 and includes major procurement and development projects such as new submarines, air and naval drones, underwater surveillance systems, and a national communications satellite. A key component of the plan is the creation of an integrated air- and drone-defence system known as the "Achilles Shield."
Mitsotakis stressed that while defence spending is a vital investment in Greece’s sovereignty, fiscal responsibility must remain a priority—especially as the European Union weighs increasing its own military spending amid global instability.
Greece, a member of both the EU and NATO, already allocates around 3% of its GDP to defence—nearly double the EU average. The commitment comes as the bloc faces mounting pressure to strengthen its security posture amid concerns over the reliability of its longstanding alliance with the United States.
The prime minister also addressed rising global economic tensions, warning that sweeping reciprocal tariffs—expected to be announced by U.S. President Donald Trump—could pose significant challenges for Europe’s economic relations and overall stability.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
As U.S. President Donald Trump’s tariff threats shake confidence in the American market, as investors increasingly turn to Europe, drawn by its relative political stability and infrastructure-driven economic agenda.
The European Council has extended its sectoral sanctions on Russia until January 31, 2026, in response to Russia’s continued destabilising actions in Ukraine.
Temperatures are reaching at least 40 degrees Celsius or more on the last day of June in southern Europe with countries issuing health and environmental warnings in France, Italy, Portugal and Spain.
The E3 countries condemned threats against the head of the UN nuclear watchdog and urged Iran to ensure the safety of IAEA staff and uphold international obligations.
U.S. President Donald Trump has signalled no intention of easing hefty auto tariffs on Japan, reaffirming a hard-line trade stance just days before a critical deadline on country-specific tariffs expires.
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