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Defence

All articles tagged with #defence

Iran War Sparks Billions in Profits Across Oil, Banks and Defense
business18 days ago

Iran War Sparks Billions in Profits Across Oil, Banks and Defense

The Iran war and Hormuz disruptions have boosted energy volatility and prices, lifting profits for European oil majors (BP, Shell, TotalEnergies) and boosting bank trading revenues; defense contractors report strong demand and backlogs as governments replenish stocks. Renewables firms like NextEra, Vestas and Orsted benefit from a push toward cleaner energy, with solar, heat pumps and EV demand rising as households face higher fuel costs.

Europe must bolster its defence as Trump hints at troop pullback
world22 days ago

Europe must bolster its defence as Trump hints at troop pullback

An Independent editorial argues that Trump’s suggestion of withdrawing US troops from Europe would threaten the postwar settlement and deterence. Europe should urgently accelerate plans for a self-reliant defence, seek clear clarification from Washington, and avoid acting on off‑the‑cuff remarks, since any withdrawal could delay weapons deliveries and embolden Russia while timelines for US–Europe defence plans diverge.

Europe urged to stand on its own feet as NATO tensions rise, says ex-NATO chief
world1 month ago

Europe urged to stand on its own feet as NATO tensions rise, says ex-NATO chief

Former NATO secretary-general Anders Fogh Rasmussen says Trump’s hostility toward NATO allies is painful to witness and urges Europe to accelerate independence from US security, preferring European-made weapons where possible and building a stronger European defence pillar. He warns the alliance could be endangered if the trend continues, notes Iran-related stock strains and the Strait of Hormuz as pressure points, and suggests using this moment to secure Ukraine guarantees and a more stable US–Europe trade relationship.

Germany Unveils Its First National Military Strategy Focused on Speed, Precision and Deep Strikes
world1 month ago

Germany Unveils Its First National Military Strategy Focused on Speed, Precision and Deep Strikes

Germany's defence minister Boris Pistorius unveiled the Bundeswehr's first national military strategy, shifting to capability-based planning with a focus on speed, air defence, long-range precision strikes, and greater use of AI. The plan calls for a significant expansion to 460,000 personnel (active plus reserves) and a more agile bureaucracy, with deep-strike assets like long-range missiles to hit targets behind front lines; many details remain secret and the strategy is described as a living document responsive to evolving threats and Russia's invasion of Ukraine.

Russia lists European drone makers, warning of escalation and potential targets
world1 month ago

Russia lists European drone makers, warning of escalation and potential targets

Russia’s defence ministry published a list of European manufacturers allegedly producing drones for Ukraine, calling joint ventures an escalatory step and saying the sites could become potential targets for Russian forces; the list covers branches in multiple EU countries and notes coordinates for several companies in Germany, Spain, and Italy. The move comes amid Europe’s expanded drone production and Kyiv’s drone partnerships, with Zelensky signing joint drone production deals with Germany and Norway as European leaders emphasize defense cooperation.

Britain's Armed Forces Shrink as Spending Debates Intensify
defence1 month ago

Britain's Armed Forces Shrink as Spending Debates Intensify

Former NATO chief Lord Robertson warns UK security is in peril as the armed forces shrink since 1990, with the army down from 153,000 regulars to about 74,000, reservists reduced, the navy and RAF reduced in major assets, and drones becoming part of defence. The government pledges the largest defence spending increase since the Cold War and NATO targets, but critics point to procurement delays and question whether spending will keep pace with new threats.

Australia appoints its first female chief of the army in 125 years
world1 month ago

Australia appoints its first female chief of the army in 125 years

Australia named Lieutenant General Susan Coyle, currently chief of joint capabilities, as chief of army from July, making her the first woman to lead the Australian Army in its 125-year history; the historic appointment coincides with a push to boost female representation in the ADF amid modernization efforts and ongoing leadership reshuffles that also see Vice Admiral Mark Hammond named head of the ADF.

Poland’s Nawrocki veto blocks €44bn EU defence loan package
europe2 months ago

Poland’s Nawrocki veto blocks €44bn EU defence loan package

Poland’s President Karol Nawrocki vetoed legislation that would have allowed Warsaw to access about €44 billion in EU defence loans from the SAFE programme, fueling a clash with Prime Minister Donald Tusk over how to finance defence spending. The loans would have accelerated military modernization, border security and domestic arms production, but Nawrocki argued they would increase Poland’s dependence on Brussels and urged funding from domestic resources, including central bank reserves; Tusk promised a Plan B and said the veto squandered a patriotic opportunity, while other officials warned blocking SAFE funds could weaken Poland’s defence capabilities.

Badenoch pushes for strikes on Iran's missile sites, widening UK foreign policy clash
world2 months ago

Badenoch pushes for strikes on Iran's missile sites, widening UK foreign policy clash

Conservative leader Kemi Badenoch urged the UK to authorise RAF strikes on Iranian missile launch sites, arguing that targeting the source is necessary to stop attacks. The government says current actions are defensive and rely on US strikes from British bases, with no plans to strike Iran itself. Labour and Liberal Democrats called for clarity amid a broader debate over defence spending and UK involvement as the crisis unfolds, while additional UK assets and measures are being deployed in the region.

Europe’s E5 Nations to Develop Low-Cost Air Defense Under LEAP
defence3 months ago

Europe’s E5 Nations to Develop Low-Cost Air Defense Under LEAP

Poland, Germany, France, Italy and the UK agreed at a Kraków summit to jointly develop LEAP—Low-Cost Effectors and Autonomous Platforms—aimed at fielding affordable drones and air-defense systems to counter Russian threats, boost NATO readiness, and share burdens. The first LEAP project is expected by 2027, with the five nations pledging defence spending toward roughly 5% of GDP.

Munich revelations: Zelensky's drone warfare push reshapes Britain's defence
business3 months ago

Munich revelations: Zelensky's drone warfare push reshapes Britain's defence

Sunak relays Zelensky’s Munich assessment that drones have reshaped warfare, with unmanned weapons responsible for about 80% of Ukraine’s casualties; the piece argues Europe must adapt by massively scaling drone production, training, and procurement, tackling defence-plant fragmentation, and boosting SME and UK manufacturing to become a leading supplier while planning a Baltic drone wall.

FSB links Polish intelligence to Moscow assassination bid against GRU deputy head
defence3 months ago

FSB links Polish intelligence to Moscow assassination bid against GRU deputy head

Russia’s FSB alleges Polish intelligence aided last week’s attempt on General Vladimir Alexeyev, deputy head of Russia’s GRU, in Moscow, claiming the operation was ordered by Ukraine’s SBU; Kyiv denies involvement and Poland has not commented. A suspect, Lyubomir Korba, was detained in Dubai and handed to Russia, along with accomplice Viktor Vasin in Moscow; the FSB says both admitted their roles and that Korba’s Polish son Lubos helped recruit via Polish intelligence. No independent evidence has been released and Poland has yet to respond.