The North Atlantic Alliance’s decision is actually a threat to European taxpayers, he pointed out. On Thursday, Russian Foreign Minister Sergey Lavrov downplayed the significance of NATO’s agreement to increase defense spending to 5% of GDP by 2035 for his country’s security. RELATED: Russia Urges Colombia to Stop Recruitment of Mercenaries for Ukraine Conflict “As […]

Governments must ensure that the wealthiest pay their fair share of taxes, the ETUC pointed out. On Wednesday, the European Trade Union Confederation (ETUC) warned that social budgets should not be affected by European leaders’ plans to increase defense spending, which are under discussion at the NATO summit. RELATED: Britain to Buy 12 F-35a Jets […]

The European Union ministers also approved the creation of a 150 billion-euro arms fund. On Tuesday, the Council of the European Union approved 11 new military cooperation projects under the Permanent Structured Cooperation (PESCO) initiative, which includes 26 member states. RELATED: European Union Approves 17th Sanction Package Against Russia This marks the sixth round of […]

Meanwhile, he plans to cut US$163 billion from social programs, health, education, housing, research, and clean energy. On Friday, U.S. President Donald Trump presented his budget proposal for fiscal year 2026. He seeks a 13% increase in funding for the Department of Defense, which would reach US$1.01 trillion. RELATED: Thousands Stage May Day Protest Against […]

Military expenditure in Europe jumped by 17 percent to US$693 billion, making it a major contributor to the global surge. On Monday, the Stockholm International Peace Research Institute (SIPRI) released a report showing that global military expenditure soared to its highest level in 2024 since the end of the Cold War. RELATED: Israeli Military Incursions […]

On Tuesday, President Trump stated that NATO members should allocate 5% of their GDP to defense. On Thursday, Richard Grenell, U.S. President Donald Trump’ Envoy for Special Missions, expressed his rejection of an expansion of NATO to include countries like Ukraine, stating that current members of the Alliance are not paying “their fair share” of […]

European governments are discussing a plan to increase defense spending to 3 percent of the GDP by 2030. On Thursday, Mark Rutte, the secretary of the North Atlantic Treaty Organization (NATO), urged allies to step up their military spending and shift to a “war mentality” in order to avoid another conflict on their soil like […]

On Tuesday, Chrystia Freeland, Canada’s Finance Minister and Deputy Prime Minister, presented the budget for the 2024-2025 fiscal year. RELATED:  Canada to Face Another Catastrophic Wildfire Season To address the serious housing crisis in her country, it proposes increasing taxes on the wealthiest citizens, which would make housing more affordable for the population. “Budget 2024 […]