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Trump urges NATO to increase defense spending to 5%

Trump pushes NATO members to boost defense spending to 5% of GDP; Rutte echoes need for higher investments amid threats.

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5 months ago

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Trump pushes NATO members to boost defence spending to 5% of GDP.

US President-elect Donald Trump announced that NATO members should increase their defense spending from the current minimum of 2% of GDP to 5%.

He argued that all members can afford this increase, highlighting the disparity in financial contributions between the US and Europe.

At the Vilnius Summit in 2023, NATO leaders committed to the Defense Investment Pledge, agreeing to invest at least 2% of their GDP annually on defense.

NATO Secretary General Mark Rutte supports this increase, stating that greater funding will be necessary to address future threats, particularly from Russia.

Rutte urged member nations to “turbocharge” defense spending to better prepare for potential conflicts.

Trump, who has been a critic of NATO in the past, is preparing for his second term in office beginning on January 20.

In related discussions, German Chancellor Olaf Scholz dismissed calls for increased NATO spending made by a member of the Green Party as impractical.

Scholz described the proposal as “half-baked” and questioned who would ultimately bear the cost of increased defense expenditures.

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Trump calls for Iran’s surrender

Israel and Iran escalate conflicts with missile strikes, prompting Netanyahu’s airstrikes and Trump’s call for Iran’s surrender.

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8 hours ago

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June 20, 2025

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Israel and Iran escalate conflicts with missile strikes, prompting Netanyahu’s airstrikes and Trump’s call for Iran’s surrender.


Missile strikes between Israel and Iran are intensifying, with both nations targeting nuclear and military sites.

After a missile hit an Israeli hospital, Prime Minister Netanyahu retaliated, launching 20 fighter jets into Western Iran.

Meanwhile, President Trump has demanded Iran’s unconditional surrender and hinted at possible U.S. military involvement.

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News

Israel strikes Iran’s nuclear sites after hospital hit

Israel’s airstrikes on Iranian nuclear sites escalate tensions after a missile attack on an Israeli hospital, prompting Iranian retaliation and casualties on both sides.

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8 hours ago

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June 20, 2025

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Israel’s airstrikes on Iranian nuclear sites escalate tensions after a missile attack on an Israeli hospital, prompting Iranian retaliation and casualties on both sides.


Israel has launched preemptive airstrikes on Iranian nuclear sites after a missile attack struck an Israeli hospital, marking a dramatic escalation in regional tensions.

Iran has retaliated with counterstrikes, as both nations report casualties. Israel claims the campaign is necessary to stop Iran from obtaining nuclear weapons—an accusation Tehran denies.

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#IsraelIran #MiddleEastCrisis #Trump #Airstrikes #NuclearTensions #BreakingNews #tickernews

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Money

Fed signals slower cuts amid rising risks

U.S. Federal Reserve revises economic forecasts downward, expecting growth slowdown and higher unemployment, but still plans rate cuts in 2024 and 2025.

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1 day ago

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June 19, 2025

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U.S. Federal Reserve revises economic forecasts downward, expecting growth slowdown and higher unemployment, but still plans rate cuts in 2024 and 2025.


At its latest meeting, the U.S. Federal Reserve revised its economic forecasts downward, with growth trimmed, inflation nudged up, and unemployment expectations now higher.

Despite this gloomier outlook, the Fed still sees two rate cuts in 2025, but just one in 2024 and one in 2026, a major dial-back from earlier projections.

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#FederalReserve #InterestRates #JeromePowell #Inflation #USEconomy #FedMeeting #tickernews

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