BEIJING: Beijing said on Tuesday (Feb 25) that its defence spending was “entirely necessary” after Russian President Vladimir Putin backed a suggestion by United States counterpart Donald Trump that Russia, the US and China cut their defence budgets in half. Russia has massively ram Source
Two judges have ordered the administration to lift the freeze. But nonprofits and states still can’t get money for contracts backed by the Inflation Reduction Act. Source
Valentine’s Day is just a week away, and candy sales are expected to soar. It’s a busy time of year for chocolatiers, including Norman Love Confections, a Florida company that produces one-of-a-kind treats. Source
While this suggests a positive economic outlook, economists warn that rising costs of living for housing, food and healthcare remain a concern. Source
Russia plans to increase its national defense spending by 25% in 2025, raising it to 6.3% of GDP — the highest level since the Cold War, according to Reuters. Russia’s defense budget is set to surge to $145 billion in 2025, marking a 25% increase from 2024 as the country enters the fourth year of…
Some NATO members like Germany, Poland and the U.S. are increasing defense budgets and updating their militaries as Russia’s war in Ukraine continues. Analysts say fighter jets like F-35s, Abrams tanks and air defense systems are in demand, but some weapons could take years to be delivered due to supply chain issues and lengthy contract…
Russia is hiking state spending on national defence by a quarter in 2025 to 6.3 percent of gross domestic product (GDP), the highest level since the Cold War, according to draft budget documents. Defence spending will rise to 13.5 trillion roubles ($145bn) in 2025, the fourth year of what Russia calls “a special military operation”…
The speaker spent Tuesday morning trying to convince Republicans to get behind his plan, but opposition to the funding package has only grown. Source
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