The Cabinet has approved a draft initial budget for fiscal 2025, the third year of the government’s five-year plan to spend a total of 43 trillion yen ($272 billion) on national defense.

In virtual remarks to the annual meeting of the World Economic Forum in Davos, Switzerland, President Donald Trump on ...

By 2027, military spending by the EU’s 27 countries will rise by more than 100 billion euros in real terms compared with 2021, surpassing earlier projections, the EDA added. Russia’s invasion ...