New Zealand has unveiled plans to significantly boost its defence expenditure, aiming to reach 2% of GDP over the next eight years, according to an official announcement on Monday.
Prime Minister Christopher Luxon said the move is essential to ensuring national security in a more unstable global environment.
“We cannot achieve prosperity without ensuring security,” Luxon stated. “Given the increasing global tensions and overseas conflicts, it’s vital for New Zealand to strengthen its role internationally to support trade and job creation at home.”
Defence Minister Judith Collins detailed the new “Defence Capability Plan”, which includes NZ$12 billion in funding over the next four years. Of this, NZ$9 billion (approximately $5 billion) will be newly allocated.
New Zealand’s current GDP stands at around $252 billion. The last time defence spending reached 2% of GDP was in the early 1990s.
Hungarian energy company MVM is eager to contribute to Azerbaijan’s renewable energy projects and sees the Black Sea green energy corridor as a vital step for regional energy diversification.
South Korea is expected to hold its presidential election on June 3, following the removal of former president Yoon Suk Yeol. The final decision will be confirmed at a Cabinet meeting on Tuesday.
Astana International Forum 2025, Kazakhstan’s top business event, will gather around 600 political and industry leaders from May 29–30 to discuss global security, climate, and economic development.
On World Health Day, FCHAIN highlights the deep connection between environmental sustainability and public health, reaffirming its commitment to eco-friendly practices and employee well-being.
The European Commission is engaging with industries to address U.S. tariffs, focusing on countermeasures to protect European businesses from price hikes and economic uncertainty.
Aid groups in Myanmar’s worst-hit areas urgently need shelter, food, and water after a devastating 7.7 magnitude earthquake killed over 2,700 people. Rescue efforts face challenges due to ongoing civil war, damaged infrastructure, and restricted aid access, with the toll expected to rise.
The inaugural Samarkand International Climate Forum will kick off on 4th April at the Silk Road Samarkand Congress Center in Uzbekistan. The high-profile forum will be held under the theme "Central Asia Facing Global Climate Challenges: Consolidation for Shared Prosperity."
French far-right leader Marine Le Pen was banned from running for public office for five years after being convicted of embezzlement, ruling her out of the 2027 presidential race. She received a four-year prison sentence, with two years suspended, and a €100,000 fine. Le Pen plans to appeal.
The first-ever summit between the European Union (EU) and the five Central Asian nations—Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan - began today in Samarkand, Uzbekistan.
The U.S. has pressured Lebanon to act against Hezbollah, urging the Lebanese Armed Forces (LAF) to enforce a ceasefire. The LAF, caught between U.S. demands and Hezbollah’s influence, risks losing vital U.S. support if it fails to act.
Bangladesh’s interim head, Muhammad Yunus, has written to U.S. President Donald Trump requesting a three-month delay on a 37% tariff on imports, emphasizing efforts to boost imports from the U.S.
Arsenal manager Mikel Arteta says his side must believe they can make history as they prepare to face Real Madrid in the Champions League quarter-final at the Emirates on Tuesday.
Hungarian energy company MVM is eager to contribute to Azerbaijan’s renewable energy projects and sees the Black Sea green energy corridor as a vital step for regional energy diversification.
South Korea is expected to hold its presidential election on June 3, following the removal of former president Yoon Suk Yeol. The final decision will be confirmed at a Cabinet meeting on Tuesday.
Astana International Forum 2025, Kazakhstan’s top business event, will gather around 600 political and industry leaders from May 29–30 to discuss global security, climate, and economic development.
Hungarian energy company MVM is eager to contribute to Azerbaijan’s renewable energy projects and sees the Black Sea green energy corridor as a vital step for regional energy diversification.
South Korea is expected to hold its presidential election on June 3, following the removal of former president Yoon Suk Yeol. The final decision will be confirmed at a Cabinet meeting on Tuesday.
Astana International Forum 2025, Kazakhstan’s top business event, will gather around 600 political and industry leaders from May 29–30 to discuss global security, climate, and economic development.
On World Health Day, FCHAIN highlights the deep connection between environmental sustainability and public health, reaffirming its commitment to eco-friendly practices and employee well-being.
The European Commission is engaging with industries to address U.S. tariffs, focusing on countermeasures to protect European businesses from price hikes and economic uncertainty.
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