Stephen Feinberg, deputy undersecretary of defense, wields significant power in Trump's Pentagon, overshadowing Defense Secretary Pete Hegseth. Feinberg, founder of Cerberus Capital Management, has unprecedented control over procurement and invests taxpayer dollars in defense companies, raising conflict of interest concerns.
UK's Keir Starmer indicated no new funds for the armed forces, despite a defense secretary's resignation over inadequate settlement. Decisions like cutting overseas aid and seeking departmental cuts were made to fund the Defence Investment Plan, with the new defense secretary reviewing spending priorities.
The UK faces a "guns vs. butter" debate, balancing welfare and military spending amid rising global tensions and a perceived unreliable US. Critics highlight defense overspending and delays, while questioning the narrative of escalating welfare costs.
The UK faces a "guns vs. butter" debate, balancing welfare and military spending amid rising global tensions and a perceived unreliable US. Critics highlight defense overspending and delays, while questioning the narrative of soaring welfare costs, particularly concerning pensions.
UK Defence Secretary John Healey resigned over military spending disagreements, accusing PM Keir Starmer of risking national security. Starmer admits he must "turn things around" after poor election results, while the US expresses concern over UK defence contributions.
UK Defence Secretary John Healey resigned over a delayed Defense Investment Plan, citing a mismatch between national defense ambitions and allocated spending. The plan falls short of NATO targets, causing concern among allies and the defense industry.
Defence Secretary John Healey has resigned citing the government's military spending plans, which he believes fall short of national security needs and could make Britain less safe. This resignation is seen as a significant setback for Keir Starmer.
British Defense Secretary John Healey resigned Thursday, citing insufficient military spending plans. His departure adds pressure on PM Keir Starmer amid internal party disgruntlement and upcoming leadership challenges.
Defence Secretary John Healey resigned, citing government military spending plans as insufficient to meet growing international threats. He accused Keir Starmer and Rachel Reeves of risking national security by only planning a small increase in defense spending.
Defence Secretary John Healey resigned, citing government military spending plans as inadequate to counter growing international threats. He accused Keir Starmer and Rachel Reeves of jeopardizing national security by failing to commit sufficient resources, arguing for a 3% of GDP defence budget by 2030.
Donald Trump is pushing Republicans in Congress to pass a $350 billion military spending package, dubbed "Recon 3.0," before the midterm elections. The bill also includes the "Save America Act," proposing sweeping national voting rules, banning men from women's sports, and prohibiting transgender surgeries for minors.
UK Defence Minister John Healey resigned, citing Prime Minister Keir Starmer's failure to commit adequate resources for national defense amid rising threats and financial constraints. The resignation highlights a government crisis over increasing military spending.
British Defence Minister John Healey resigned, citing Prime Minister Keir Starmer's failure to commit adequate resources for national defense. Healey criticized the Treasury's unwillingness to fund increased military spending amid rising global threats, impacting the defense industry.
UK Defence Secretary John Healey resigned due to a dispute with Prime Minister Keir Starmer over defense spending, arguing for a 3% GDP target amid rising threats. This marks the sixth ministerial resignation in a month, further destabilizing Starmer's government.
Global military spending hit $2.887 trillion in 2025, a 2.9% real increase from 2024, according to SIPRI. While US spending fell, Europe and Asia saw increases. Ukraine led in military spending as a percentage of GDP.
Italian PM Giorgia Meloni is distancing herself from Donald Trump due to domestic economic pressures and voter dissatisfaction with Trump's influence on energy costs and military spending demands. Meloni faces a difficult balancing act between NATO commitments and internal economic realities ahead of the 2027 election.
Around 2,000 people protested in Pontedera, Italy, against military spending and war. The demonstration opposed the construction of a new military base and called for an end to the war economy, reallocating funds to healthcare and education.
The UK's long-delayed 10-year Defence Investment Plan (DIP) faces further scrutiny as unions and defense firms warn of threats to jobs, skills, and national security. The plan, initially expected in autumn 2025, is now slated for publication before the July NATO summit, though funding disagreements persist.
US military spending in Iran has surpassed $85 billion over 79 days of conflict, according to the Iran War Cost Tracker. This figure is significantly higher than initial estimates, with the war having started on February 28 and involving the US and Israel.
Jaguar Land Rover and General Motors are among carmakers considering a £900m UK defence contract to supply thousands of 4x4s for the armed forces. This move capitalizes on increased NATO defence spending, with first deliveries expected in 2030.
An expert from MGIMO warns that the EU's push for accelerated militarization will deepen its economic crisis, diverting resources from social programs and increasing inequality within and between member states.
Pope Leo XIV criticizes rising European military spending, linking it to heightened tensions and decreased investment in social welfare, while also warning about the dangerous integration of AI in warfare.
Tens of thousands protested in Brussels against Belgian federal reforms, rising energy prices, and increased military spending, amid EU-wide energy crises and NATO commitments.
Arthur Hayes, chief investment officer of Maelstrom, predicts Bitcoin will reach $126,000 due to increased money printing driven by the war in Iran and the AI sector race
