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6/30, 6:55 PM (Source: TeleTrader)
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NATO to boost defense spending by €20B by 2030

NATO members agreed during this week's summit in Madrid to boost their defense spending by a total of €20 billion until 2030, DPA reported on Thursday citing participants in the talks.

Earlier in the day, United Kingdom Prime Minister Boris Johnson announced his country will increase defense spending to 2.5% of its GDP by the end of the decade, while Spanish Prime Minister Pedro Sanchez stated Madrid will boost its defense budget to 2% of its GDP by 2029.

Baha Breaking News (BBN) / NP