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Keywords: Spending


Nato moves toward increased defense spending to appease Trump

NATO is close to reaching a new spending agreement aimed at satisfying former US President Donald Trump. The alliance’s Secretary General, Mark Rutte, has proposed that member nations commit to allocating 3.5% of their GDP to direct defense spending by 2032, along with an additional 1.5% for broader......

The world's top 6 military powers in 2025

In the ever-shifting theatre of global geopolitics, military might remains a crucial barometer of national influence. As 2025 unfolds, six nations stand apart, each commanding formidable arsenals and strategic depth. Measured by the Global Firepower Index, these military powers shape not only the balance......

Spain records unprecedented tourism surge in early 2025

Spain has achieved remarkable tourism milestones in the first quarter of 2025, welcoming over 17 million international visitors who collectively spent more than €23 billion. This surge marks a significant 5.7 percent increase compared to the same period last year, setting a new record for the country. Between......

Trump proposes $163 billion budget cut, impacting domestic programs

In a bold move, U.S. President Donald Trump's administration has unveiled a proposal for a staggering $163 billion reduction in the federal budget, with significant implications for domestic programs. This budget plan seeks to drastically cut spending on education, housing, and medical research in......

Morocco's military expenditure increases as regional tensions rise

Morocco's military spending has seen a notable increase of 2.6% in 2024, amounting to $5.5 billion. This growth is largely attributed to an enhanced personnel budget for the Royal Armed Forces (FAR) and aligns with a broader global trend, where military expenditures have surged by 9.4% compared to......

Trump Taps Musk to Lead Cost-Cutting Government Reform

In early 2025, former U.S. President Donald Trump made headlines by appointing tech billionaire Elon Musk to head the newly created Department of Government Efficiency (Doge), a move aimed at drastically cutting federal spending. The decision sparked both support and backlash, highlighting the divisive......

Rising military spending hampers 2025 budget negotiations

The negotiation of Spain's 2025 State Budget has faced numerous obstacles, from lack of commitment within the government coalition to tensions with parliamentary allies. Despite some preliminary discussions, there has been no genuine attempt to reach an agreement, either within the PSOE-Sumar coalition......

U.S. commitment to NATO remains strong, says Rubio

The United States continues to play an active role within NATO and has no intention of withdrawing from the Alliance, affirmed U.S. Secretary of State Marco Rubio during a press conference in Brussels. His comments came during a meeting of NATO foreign ministers. Rubio emphasized that President Donald......

Travelodge anticipates growth despite slow start to 2025

Travelodge, the budget hotel chain operating over 600 locations across the UK, Ireland, and Spain, has reported a modest increase in annual sales as consumers continue to prioritize experiential spending. However, the start of 2025 has been sluggish, even with a boost from major events like the Six Nations......

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