News Gist .News

Articles | Politics | Finance | Stocks | Crypto | AI | Technology | Science | Gaming | PC Hardware | Laptops | Smartphones | Archive

Sweden Contributes Fighter Jets to NATO in Poland

NATO's newest member Sweden plans to contribute fighter jets to the defence alliance's air policing in Poland, Foreign Minister Maria Malmer Stenergard said on Thursday. A Swedish government proposal aims to participate in NATO air policing and protect logistics operations for support to Ukraine in Poland. This move marks a significant step forward in strengthening Sweden's military ties with NATO.

See Also

Sweden and Finland's Defence Sectors Benefit From Joining NATO Δ1.83

Sweden and Finland are experiencing significant advantages in their defence sectors following their accession to NATO, which has transformed perceptions of trust and reliability in their military capabilities. The increased commitment to defence spending and collaborative efforts within the alliance have opened new opportunities for both nations, particularly for private companies like Saab, which are now better positioned to engage with NATO's procurement processes. As both countries aim to bolster their military investments, they are also redefining the relationship between national security and economic growth, setting a precedent for how smaller nations can navigate larger geopolitical landscapes.

Europe Needs ‘Coalition of Willing’ for Ukraine Δ1.76

A coalition of European countries willing to provide Ukraine with security guarantees after any US-brokered ceasefire is necessary, according to UK Prime Minister Keir Starmer. This approach would involve a group of willing nations working together on a plan to stop the fighting in Ukraine. The proposal aims to rapidly ramp up defense spending and maintain momentum for Ukrainian support.

Poland May Redirect EU Funds Towards Defence, Minister Says Δ1.76

Poland will review its Recovery and Resilience Plan with a view to redirecting funds towards defence and economic resilience, according to Polish Funds Minister Katarzyna Pelczynska-Nalecz. The country has received nearly 60 billion euros in grants and cheap loans from the EU recovery facility, which could be reallocated to support national security efforts. Poland's government is also working on a bill to increase public investments in defence, with the aim of adopting it next week.

Norway Should Raise Ukraine Aid, Defence Spending, Says PM Δ1.75

Norway aims to boost financial aid to Ukraine significantly and also raise its own defence spending at a time of heightened global uncertainty, Prime Minister Jonas Gahr Stoere of the ruling Labour Party told parliament on Thursday. The country has seen soaring income from gas sales to Europe as a result of Russia's 2022 Ukraine invasion, and faces pressure at home and abroad to boost its aid. Norway has already agreed to spend 35 billion crowns ($3.22 billion) on military and civilian support for Ukraine in 2025.

European Leaders Set Out Defence Spending Plans in Private Talks Δ1.75

NATO Secretary General Mark Rutte revealed that European leaders have set out plans on defence spending during a private meeting in London, but he declined to provide details. The announcement was made during the NATO summit on Ukraine at Lancaster House in London. These new announcements are expected to boost collective defence efforts among European countries.

Turkey Ready to Send Troops to Ukraine if Necessary, Source Says Δ1.75

Turkey, with its second largest army in NATO after the United States, could contribute to a potential peacekeeping mission in Ukraine, a Turkish defence ministry source said on Wednesday. The source stated that discussions on a Turkish deployment remained conceptual and emphasized that initial deployments would involve non-combatant units to monitor a ceasefire. Turkey has maintained cordial relations with both Russia and Ukraine throughout their war, though it is historically a rival of Moscow.

Europe’s Rearmament Prompts Traders to Bet on Swedish Krona Δ1.75

Sweden’s krona is gaining traction as a preferred investment amidst Europe's renewed focus on defense spending, surging over 2% against the dollar following commitments from European leaders to bolster military budgets. The nation's defense sector, which includes companies like Saab AB, stands to benefit significantly from increased military funding, potentially leading to a further appreciation of the krona. Analysts predict that with rising global defense expenditures, particularly in Europe, the krona may strengthen by an additional 2.5% against the euro by the end of the year.

EU Leaders to Back Defence Surge, Support Zelenskiy After US Aid Freeze Δ1.75

European leaders are set to endorse significant increases in defence spending and express unwavering support for Ukraine at an upcoming summit, following concerns over U.S. military aid under Donald Trump's administration. The meeting will feature Ukrainian President Volodymyr Zelenskiy, although Hungary's potential veto could complicate the endorsement of a joint statement supporting Kyiv. This shift in European defence strategy is driven by heightened fears of Russian aggression and a desire for greater autonomy in security matters amid uncertainty about U.S. commitments.

NATO Armies Unprepared for Drone Wars, Ukraine Commander Warns Δ1.75

NATO armed forces are struggling to cope with the rapid evolution of drone warfare, according to Colonel Vadym Sukharevskyi, the head of Ukraine's Unmanned Systems Forces. The conflict in Ukraine has accelerated the development and deployment of drones, which have become a crucial component of modern warfare. As Kyiv strives to stay ahead of the enemy, it is employing artificial intelligence, deploying more ground drones, and testing lasers to bring down Russian unmanned aerial vehicles.

French Reaper Drone Target of Russian Intimidation, Defence Minister Says Δ1.74

A French Reaper drone on a surveillance mission in international airspace over the eastern Mediterranean was the target of intimidation by a Russian SU-35 fighter jet, France's Defence Minister Sebastien Lecornu said on Tuesday. The incident reflects growing tensions between Western nations and Russia amid the ongoing conflict in Ukraine, as European countries seek to bolster their defence capabilities. France has vowed to defend freedom of navigation in international airspace.

Europoles to Spend on Defense Δ1.74

The euro has surged and defense stocks have rallied as European leaders have united to support Ukraine, driving bets on a wave of military spending. Defense companies like BAE Systems, Rheinmetall AG, and Saab AB have seen significant gains, with the Stoxx 600 index posting small moves in their favor. The common currency has risen against the dollar, outperforming peers.

Germany's Merz Wants European Nuclear Weapons to Boost US Shield Δ1.73

Merz seeks talks with France and UK on sharing nuclear weapons, but not as a substitute for US protection. Germany is bound to non-nuclear defence due to its Second World War past, but participates in NATO weapons-sharing arrangements. Merz plans coalition by Easter, crucially needing Green Party support to pass key financial measures.

Nato's Rutte Urges Zelenskiy to Mend Relationship with Trump Δ1.73

NATO chief Mark Rutte has urged Ukrainian President Volodymyr Zelenskiy to mend his relationship with U.S. President Donald Trump after their clash at a White House meeting on Friday, citing the importance of cooperation in ending Russia's three-year-old invasion. Rutte described the meeting as "unfortunate" and emphasized the need for unity among allies, including the U.S., Ukraine, and Europe, to achieve a durable peace. The NATO chief expressed admiration for Trump's efforts to support Ukraine with Javelin anti-tank weapons and called on Zelenskiy to restore their relationship.

Norway Plans to Raise Financial Support for Ukraine, Prime Minister Says Δ1.73

The Norwegian government is set to ask parliament to increase its financial backing for Ukraine, with Prime Minister Jonas Gahr Stoere stating that the country will return to parliament in the near future with a proposal to boost support. Norway's parliament agreed to spend 35 billion Norwegian crowns ($3.12 billion) on military and civilian aid for Ukraine last year, and has also committed to spending 155 billion crowns from 2023 to 2030. The move comes as tensions between Russia and the West continue to escalate over the ongoing conflict in Ukraine.

Euro Rebounds From 2-1/2-Week Low, Ukraine and Defence Spending in Focus Δ1.73

The euro rebounded as EU leaders drew up a Ukraine peace plan, which may boost future growth and support the currency. A likely increase in fiscal spending by euro zone countries could provide some boost to future growth, supporting the currency. The renewed push for peace in Ukraine and possible increase in defence spending are monitoring closely by investors.

Germany's $159 Million Cruise Missile Maintenance Order Sets New Global Trend Δ1.73

Saab has won a 1.7 billion crown ($159 million) order from Germany to modernise and maintain the country's Taurus KEPD 350 cruise missiles for ten years until 2035, marking a significant upgrade to the German Air Force’s arsenal. The deal reflects Saab's growing capabilities in military modernization and maintenance services, setting a precedent for similar orders in the global defence sector. As European countries seek to strengthen their security posture, this contract highlights the increasing importance of reliable supply chains and advanced technology in the production of complex military systems.

Macron's Address to the French Nation on Ramping up Defence Spending Δ1.73

French President Emmanuel Macron has signaled a significant shift in France's approach to defense, announcing plans to ramp up military spending and offer European allies protection under France's nuclear umbrella. Macron stated that Russia poses a genuine threat to Europe's security, echoing concerns raised by other EU leaders. He also emphasized the need for greater autonomy in defense matters, suggesting a reevaluation of the EU's relationship with NATO.

EU Leaders Prepare ‘Concrete’ Measures on Defense Financing Δ1.72

The European Union is expected to announce "concrete" measures on boosting defense financing this week, as Europe and the U.S. clash over support for Ukraine. The 27 EU leaders will gather in Brussels on Thursday for a meeting dedicated to defense and support for Ukraine, amid rising tensions between Russia and Ukraine. European leaders are trying not to alienate President Donald Trump after he criticized Ukrainian President Zelenskyy for "gambling" over a potential World War III.

France Offering Intelligence to Ukraine Amid Washington Suspension Δ1.72

France is offering intelligence to Ukraine, Defence Minister Sebastien Lecornu said on Thursday, a day after Washington said it was suspending intelligence sharing with Kyiv. This move reflects France's efforts to maintain pressure on Ukraine and its President Volodymyr Zelenskiy amidst the ongoing conflict. The decision also highlights the evolving nature of international relations between European powers and their respective roles in global security.

Germany Eyes Swift Moves on Defence, Investors Sniff Bonanza Δ1.72

Germany's likely next chancellor, Friedrich Merz, is considering setting up special funds worth nearly a trillion euros to finance urgent defence and infrastructure spending, prompting double-digit percentage rises in shares in defence contractors. The proposed funds would amount to 20% of German GDP, with economists proposing sums of 400 billion euros and 500 billion euros respectively. This fiscal sea change would be unprecedented since the Cold War, sending Europe's defence stocks soaring.

EU Proposes €150 Billion Defense Loan as Trump Pulls Back Δ1.72

The European Union is set to propose extending €150 billion in loans to boost defense spending, following US President Donald Trump's pullback of American security on the continent. The bloc aims to adjust to this shift by mobilizing hundreds of billions of euros in additional financing. This move reflects the EU's desire to maintain a strong defense posture amidst rising tensions with Russia and other global challenges.

Finland's Intelligence Service Closely Watches US Russia Position Δ1.72

Finland's security and intelligence service Supo is closely watching how U.S. intelligence positions itself towards Russia under the Trump administration, with Finns concerned about potential shifts in U.S.-Russia relations that could impact Finland's national security. Supo has named Russia as the biggest threat to Finland since joining NATO in 2023, amidst a growing war in Ukraine. The agency is also monitoring how changes in U.S. policy affect its own intelligence cooperation with Western allies.

Norway Stands Firm on Fuel Supplies Amid US Navy Boycott Δ1.72

Norway has reaffirmed its commitment to supplying fuel for U.S. Navy ships, despite a call from a private marine fuel supplier to stop doing so in response to concerns over Ukrainian President Volodymyr Zelenskiy's treatment at the White House. The country's defense minister stated that American forces will continue to receive the supply and support they require from Norway, underscoring the close ties between the two nations. This decision sets a significant precedent for NATO member states in their relations with the United States.

UK Announces New $2 Billion Deal to Fund Air-Defence Missiles for Ukraine Δ1.72

The British government has announced a new £1.6 billion ($2 billion) deal that would allow Ukraine to purchase 5,000 air-defence missiles using export finance, marking a significant escalation in the country's efforts to bolster its air defence capabilities amidst ongoing conflict with Russia. The deal, which is expected to be finalized in the coming months, will enable Thales to manufacture the lightweight-multirole missiles for Ukraine, providing them with vital protection against drone attacks. The move also underscores the UK's commitment to supporting Ukraine's sovereignty and territorial integrity.

Cyberattack Detected at Polish Space Agency, Minister Says Δ1.72

Polish cybersecurity services have detected unauthorized access to the Polish Space Agency's (POLSA) IT infrastructure, Minister for Digitalisation Krzysztof Gawkowski said on Sunday. The incident has raised concerns about national security and the potential vulnerability of critical government systems. Authorities are working to identify the source of the attack and take corrective measures to prevent future breaches.