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Europe News
Polish EU presidency to focus on energy, defence and economic security
With Trump's arrival in the US White House, a new EU Commission and the ongoing war in Ukraine, security in all its possible dimensions will be the main priority of the next rotating EU presidency, said Poland's Ambassador Agnieszka Bartol.
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Europe News
EU countries commit to joint drone, missile and warship development
Defence spending is set to reach €326 billion (1.9% of EU GDP) in 2024, but despite the increase in military spending, national efforts alone are not enough for the EU to be ready for high-intensity warfare, said outgoing top diplomat and EDA chief Josep Borrell.
Markets
Why are European defence stocks skyrocketing after Trump's victory?
Trump's 2024 win and Republican control of Congress have spurred a surge in European defence stocks, as concerns over NATO funding and potential cuts in US military aid drive expectations that Europe will boost its defence spending.
Business
European countries are spending more on defence, a think tank says
European nations boosted their defences in response to the annexation of the Crimea Peninsula in 2014 and Russia’s full-scale invasion of Ukraine in 2022, a London-based think tank said Friday, but much remains to be done for them to be ready to face threats from Russia.
Europe News
Boost EU defence capabilities against Putin, future commissioner warns
Europe needs to be ready to defend itself, not because of Trump's victory in the US, but because of Russian President Vladimir Putin, the new commissioner for defence and space told MEPs during his confirmation hearing on Wednesday.