Since NATO set its defense spending targets in 2014, overall average spending among member states, excluding the United States, has risen from 1.4% of GDP to 2% in 2024.

Defense spending by NATO nations has increased ever since under three U.S. presidents. The push began after Russia's annexation of Crimea and accelerated in 2022 after Vladimir Putin launched a ...

During the meeting in the Hague, NATO moved its members’ defense-spending pledge to 5 percent of GDP, which includes 3.5 percent on military spending and an additional 1.5 percent on defense ...

Chancellor Merz may find it difficult to maintain the generous social welfare regime that Germans have benefitted from for ...

The United States has called on Asia to increase defence spending in the face of what it deems the China "threat".

Click the headlines below to skip ahead. Winners of defence stock frenzy in Europe, from chemical to goggle makers. Tesla ...

NATO members agreed to a big increase in their defence spending target to 5% of gross domestic product, as demanded by ...

NATO leaders have agreed on a massive hike in defense spending after pressure from U.S. President Donald Trump, and expressed their “ironclad commitment” to come to each other’s aid if attacked ...

NATO leaders on Wednesday backed the big increase in defence spending that U.S. President Donald Trump had demanded, and restated their commitment to defend each other from attack after a brief summit ...

NATO allies are currently required to spend at least 2% of their country’s GDP on defense, but the U.S. is pushing for that to more than double to 5%. No country is currently at that 5% marker.

Sweden’s defense spending surged following its 2024 accession to NATO from 1.5 percent to 2.2 percent of GDP last year. Stockholm is tweaking its debt rules to allow for up to about $30 million ...