billion

Venezuela quake: UN continues to scale up as damage estimate reaches $37 billion

“We and our partners are continuing to scale up assistance to impacted people by the earthquakes, in coordination with the…

1 month ago

Europe’s €100 Billion FCAS Jet Project Dies After Airbus–Dassault Clash, Germany Signals Possible Saab Deal for Next-Gen Fighter

After years of mounting industrial friction and strategic uncertainty, NATO allies France and Germany have effectively agreed to abandon their…

2 months ago

Israel Beats Russia in Global Arms Trade With Record $19.2 Billion Exports Despite Ongoing Multi-Front Wars

Israel’s defense exports reached a new all-time high in 2025, climbing to nearly US$19.2 billion despite mounting international criticism, boycott…

2 months ago

Sudan crisis: UN agency launches $1.6 billion appeal to support refugees in seven countries

The 2026 Sudan Regional Refugee Response Plan (RRRP) aims to deliver lifesaving assistance this year to 5.9 million people across seven neighbouring countries: the Central African Republic, Chad, Egypt, Ethiopia, Libya, South…

6 months ago

Boeing Secures $2.8 Billion Contract to Transform South Korea’s F-15K Slam Eagles into Near-F-15EX Standard Warplanes

Boeing has been awarded a major contract to lead the long-awaited upgrade of the Republic of Korea Air Force’s (ROKAF)…

7 months ago

Russia Pitches Sarma 300mm MLRS Debuts in Saudi Arabia, Targeting Middle East’s US$150 Billion Precision Arms Market

Russia’s decision to unveil its latest 300mm multiple launch rocket system (MLRS), the Sarma, at the World Defense Show 2026…

7 months ago

Ukraine war: UN appeals for $2.3 billion to support aid teams’ ‘heroic work’

Since Russia launched its full-scale invasion of its neighbour in February 2022, the UN and its partners have supported people…

7 months ago

India and Germany Edge Closer to $8 Billion Landmark Submarine Pact as Project-75I Nears Conclusion, Boosting Indian Navy’s Underwater Combat Power

India and Germany are on the cusp of finalising one of New Delhi’s most consequential defence industrial agreements to date,…

7 months ago

Pakistan, Saudi Arabia Negotiate JF-17 Deal to Convert US$2 Billion in Loans into Air Combat Capability

Pakistan and Saudi Arabia are advancing negotiations to convert roughly US$2 billion in outstanding Saudi financial assistance into a structured…

7 months ago

Taiwan Unveils $40 Billion “T-Dome” Defence Shield to Counter Rising Chinese Military Threat

Taiwan has announced plans for an additional USD 40 billion in defence spending over the coming years, unveiling the centrepiece…

9 months ago