Achieving NATO’s higher defence spending target of 3.5% of GDP will increase budget deficits and public debt across the EU ...

S&P Global Ratings said the NATO 3.5% GDP core defense spending target could add $2 trillion in government debt across European member countries by 2035.

NATO members have agreed to a new defense spending goal of 5% of each country’s economic output by 2035, more than doubling the previous figure of 2%. It’s an ambitious timeline that ...

Italy, along with other NATO countries, has agreed to sharply increase defence spending over the next decade, but Giorgia ...

In fact, its omission mirrors Europe’s evolving practical relationship with the U.S. NATO Secretary-General Mark Rutte, ...

Fawning for Trump’s favor, European leaders are ramping up military spending at the expense of public benefits.

NATO leaders deserve credit for overcoming parochial concerns and political resistance to agree on the new spending targets.

The United States remains the biggest military force on the planet but there are some unlikely names in the top 15.

Europe’s defence expansion is constrained by limited local manufacturing capacity and skilled workforce shortages, this is where Indian defence manufacturers can step in ...

Europe’s rearmament has breathed new life into otherwise struggling automotive plants, a key economic sector in Germany.

SINTRA, Portugal — The European Union should continue to issue joint debt to finance the revival of armed forces across the bloc, the head of Lithuania’s central bank said in an interview.

The U.S. move affects high-demand munitions, including Patriot missiles, the AIM-7 Sparrow air-to-air missile and ...