News Gist .News

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

Will Starmer's Defence Hike Win over Trump on Ukraine?

Sir Keir Starmer has set out plans to increase defence spending to 2.5% of national income by 2027, promising to strengthen the UK's ability to defend itself. The move will mean billions less spent on foreign aid, but the question remains what it will buy diplomatically in Washington. As Starmer prepares for a meeting with Donald Trump, he must navigate the fine line between appearing strong and secure while also avoiding taking sides in the ongoing conflict in Ukraine.

See Also

UK's Starmer Gets Poll Boost as He Steps up Ukraine Diplomacy Δ1.88

The number of Britons who think Prime Minister Keir Starmer is doing a good job has risen as he steps up his role in diplomacy over the war in Ukraine, an opinion poll showed. The recent diplomatic efforts have boosted Starmer's image, but concerns about government spending and debt remain. A majority of respondents also support increasing defence spending, even if it means higher taxes or reduced funding for other public services.

UK's Starmer Tries to Revive Hope for Ukraine Peace at Summit Δ1.86

British Prime Minister Keir Starmer is set to meet with Ukrainian President Volodymyr Zelenskiy and other Western leaders in an effort to restore optimism for peace in Ukraine following a contentious exchange with U.S. President Donald Trump. Starmer aims to strengthen European support for Ukraine by pledging "unwavering support" and encouraging the provision of weapons and financial assistance, while also positioning Britain as a bridge between Europe and the U.S. This summit arrives at a critical juncture in the ongoing conflict, as European leaders seek to unify their approach and ensure a lasting peace with security guarantees for Ukraine.

Starmer Navigates Ukraine Talks with ‘Cool Head’ as Trump Acts Tough Δ1.85

Starmer's diplomatic balancing act to keep both Europe and U.S. President Donald Trump on side and protect Britain from U.S. tariffs that would damage his country's strained finances is a delicate process. He has formed an unexpected alliance with French President Emmanuel Macron, who is a sharp critic of Britain's departure from the European Union, and a solid relationship with Trump, who UK officials say likes Starmer's lack of pretension. The British leader's efforts to end the threat of U.S. tariffs have earned him praise from Trump, but the success of his diplomatic mission remains uncertain.

UK's Starmer Says He's Sure Trump Wants a Lasting Peace in Ukraine Δ1.84

British Prime Minister Keir Starmer has expressed his confidence that Donald Trump genuinely desires a lasting peace in Ukraine, despite an awkward encounter between the two leaders. According to Starmer, he has spoken with Trump on multiple occasions and believes that the US president is committed to ending the fighting in Ukraine. However, some critics have questioned Trump's actions in Ukraine, citing concerns about his handling of the situation. The tension surrounding this issue may ultimately affect the current diplomatic efforts to resolve the conflict.

Norway Should Raise Ukraine Aid, Defence Spending, Says PM Δ1.84

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.

Rising Defense Spending Sparks Global Bond Market Selloff Δ1.83

(Bloomberg) -- Bond yields jumped on Monday as investors prepared for a surge in government borrowing to fund defense following weekend talks among European leaders on how to support Ukraine. The prospect of more European defense spending has been growing in recent weeks, and gained new urgency following a contentious meeting between US President Donald Trump and Ukraine’s Volodymyr Zelenskiy on Friday. Over the weekend, leaders from across the continent gathered in London to hammer out new pledges for military investment and recommit to Ukraine’s.

EU Leaders to Back Defence Surge, Support Zelenskiy After US Aid Freeze Δ1.83

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.

Defence Stocks Surge as Investors Anticipate Europe's Spending Spree Δ1.82

Defence stocks have surged as investors expect governments across Europe to ramp up spending following recent developments in geopolitical tensions. The rally in UK defence stocks on Monday helped propel the FTSE 100 to a record high close of 8,904 points, as European leaders agreed to boost defence spending and announce plans to increase their military aid to Ukraine. Investors are betting that Europe will shoulder more responsibility for its own security following the US decision to pause military aid to Ukraine.

UK PM Starmer Dismisses Calls for Trump's State Visit to Be Cancelled Δ1.82

British Prime Minister Keir Starmer has rejected calls to cancel U.S. President Donald Trump's upcoming state visit, despite political pressure following Trump's recent remarks about Ukrainian President Volodymyr Zelenskiy. Starmer emphasized the importance of maintaining strong ties with Washington during a precarious period for European security, advocating for diplomatic engagement over divisive rhetoric. The invitation, which would mark Trump's unprecedented second state visit, reflects Starmer's strategic approach to securing U.S. support for Ukraine amid ongoing conflict with Russia.

UK Announces New $2 Billion Deal to Fund Air-Defence Missiles for Ukraine Δ1.81

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.

European Backing for Ukraine 'Turbocharges' Arms Shares Δ1.81

Investors piled into European arms manufacturer shares and punished long-dated government bonds on Monday, following the clearest sign yet the region's leaders were racing to increase defence spending and help to secure peace in Ukraine. A flurry of European diplomacy, including an agreement to spend more on defence, followed an acrimonious meeting between President Volodymyr Zelenskiy and U.S. President Donald Trump on Friday. The euro rose by as much as 0.7% to $1.045, as investors flocked to the European equity market, where an index of aerospace and defence companies hit record highs.

Norway Plans to Raise Financial Support for Ukraine, Prime Minister Says Δ1.80

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 Δ1.80

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.

The Weekend: When Europe's Do-or-Die Moment Sent Defence Stocks Soaring Δ1.80

Europe is scrambling to boost its military firepower as any realistic hopes of being able to rely on the US to protect Ukraine from Russia fade. Donald Trump's now-infamous clash with Volodymyr Zelensky was followed by a withdrawal of US military aid for Ukraine and a growing sense of panic among European leaders. Ursula von der Leyen, president of the European Commission, swiftly unveiled the ReArm Europe plan, declaring that it could "mobilise close to €800bn (£667bn)" to protect the continent.

UK PM Starmer Says He Does Not Accept That US Is an Unreliable Ally Δ1.80

British Prime Minister Keir Starmer has stated that he does not accept the notion that the United States under President Donald Trump was an unreliable ally. This stance is particularly notable given recent tensions between the US and Ukraine, including a clash between Ukrainian President Volodymyr Zelenskiy and Trump. The UK's close historical and strategic relationship with the US remains strong, with both countries sharing deep defense, security, and intelligence ties.

Exclusive Funding for Germany's Defence and Infrastructure in Jeopardy Δ1.79

Economists are considering billions of euros for special funds to boost Germany's defence and infrastructure spending, with a sense of urgency heightened by a heated meeting between Ukrainian President Volodymyr Zelenskiy and U.S. President Donald Trump. The proposed funds are expected to be substantial, with estimates ranging from 400 billion to 500 billion euros for the infrastructure fund alone. However, no final decisions have been made yet, and parties in talks to form Germany's new government coalition have declined to comment on the details.

EU Leaders Discuss Ending War in Ukraine: Moment of Truth Δ1.79

European leaders agree to work on a ceasefire plan to present to the United States, British Prime Minister Keir Starmer said Sunday. British Prime Minister Keir Starmer told leaders gathered Sunday for a summit on the war in Ukraine that they need to step up and continue to support Kyiv and meet a “once in a generation moment” for the security of Europe. The meeting has been overshadowed by the extraordinary scolding of Zelenskyy by U.S. President Donald Trump, who blasted him Friday at the White House as being ungrateful for U.S. support against the invasion by Russia.

UK's Starmer Says Europe Needs a Security Guarantee From the U.S. Δ1.79

The British Prime Minister is urging European nations to secure a US-backed promise to deter Russian President Vladimir Putin from invading Ukraine again. Starmer has long argued that any peace deal in Ukraine would require a significant US commitment to back it up, making a European peacekeeping force's success dependent on American support. However, the UK leader faces skepticism from some quarters about the feasibility and effectiveness of such a guarantee.

EU Leaders Prepare ‘Concrete’ Measures on Defense Financing Δ1.79

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.

Meeting of the Ages: Ukraine's Zelenskyy to Meet Starmer on Saturday Δ1.79

Ukrainian President Volodymyr Zelenskiy will meet British Prime Minister Keir Starmer on Saturday, with the two leaders set to discuss a peace plan for Ukraine ahead of a wider summit of European leaders in London on Sunday. The meeting comes as tensions between Russia and Western countries remain high, following an extraordinary public spat between Zelenskiy and U.S. President Donald Trump at the White House. Starmer's office has expressed his "unwavering support" for Ukraine, echoing similar statements from other European leaders.

Ukraine Firmly Determined to Continue Cooperation with US, PM Says Δ1.79

Ukraine is "firmly determined" to continue cooperation with the United States, Prime Minister Denys Shmyhal said on Tuesday following the news that Washington paused its crucial military aid. Shmyhal said Ukrainian forces could hold the situation on the battlefield as they fight Russian troops despite the pause in U.S. supplies. President Donald Trump stunned Ukrainians by pausing the supply of U.S. military aid that has been critical for Kyiv since Russia's 2022 invasion.

Kremlin Says Pause of U.S. Military Aid to Ukraine Is Best Hope for Peace Δ1.79

The Kremlin has expressed support for pausing US military aid to Ukraine, suggesting it could be a significant step towards peace in the conflict-torn region. Russia's President Vladimir Putin sent tens of thousands of troops into Ukraine in 2022, triggering a major confrontation with Western powers. The pause in aid, proposed by US President Donald Trump following his clash with Ukrainian leader Volodymyr Zelenskiy, could potentially reduce tensions and encourage Kyiv to engage in peace talks.

Macron to Meet with Army Chiefs as US Pauses Intelligence Sharing with Ukraine Δ1.79

The United States has temporarily halted intelligence sharing and military aid to Ukraine, raising concerns about the future of US support following a breakdown in relations between President Trump and President Zelensky. In response, French President Emmanuel Macron has called for a meeting of European army chiefs, emphasizing the need for Europe to prepare for a future without US assistance and to increase defense spending. This development highlights the fragile dynamics of international alliances and the potential implications for Ukraine's defense capabilities in the ongoing conflict.

Europe Needs ‘Coalition of Willing’ for Ukraine Δ1.79

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.

TRUMP May Restore Ukraine Aid PENDING Confidence-Building Measures Δ1.79

President Donald Trump will consider restoring aid to Ukraine if peace talks are arranged and confidence-building measures are taken, White House national security adviser Mike Waltz said on Wednesday. Trump halted military aid to Ukraine on Monday, his latest move to reconfigure U.S. policy and adopt a more conciliatory stance toward Russia. The letter from Ukrainian President Volodymyr Zelenskiy that expressed willingness to come to the negotiating table was seen as a positive first step.