Frankfurt, Germany, June 23, 2025 (AFP) - Germany to raise defence spending to 3.5% of GDP by 2029: govt sources

NAMPA / AFP

2025-06-23

Germany plans to raise its defence budget to 3.5 percent of GDP by 2029, government sources said on Monday, which would match a new NATO target for core military spending. Defence spending will increase from the 2.4 percent of gross domestic product this year, the sources said, as Europe's top economy takes steps to bolster its armed forces amid the growing threat from Russia and under pressure from the United States. sr/sea/bc ...

Restricted content

Business & Finance News

Washington, June 23, 2025 (AFP) - US existing home sales little-changed on sluggish market

2025-06-23 18:30:50

London, June 23, 2025 (AFP) - Oil prices seesaw as investors await Iran response to US strikes

2025-06-23 18:01:03

Dubai, June 23, 2025 (AFP) - Military bases or vital waterway: Iran weighs response to US strikes

2025-06-23 18:00:53

Washington, June 23, 2025 (AFP) - US Fed official open to interest rate cut as soon as July

2025-06-23 17:31:02

Paris, June 23, 2025 (AFP) - Airlines disrupted by Iran-Israel conflict

2025-06-23 17:00:57

Frankfurt, Germany, June 23, 2025 (AFP) - Germany plans bigger defence budget as NATO to unveil target

2025-06-23 17:00:56

Oslo, June 23, 2025 (AFP) - France's Macron holds Norway talks on eve of NATO summit

2025-06-23 17:00:52

Paris, June 23, 2025 (AFP) - Airlines disrupted by Middle East conflict

2025-06-23 16:30:56

Washington, June 23, 2025 (AFP) - US existing home sales little-changed on sluggish market

2025-06-23 16:30:49

New York, June 23, 2025 (AFP) - US stocks flat after strikes on Iran

2025-06-23 16:03:23

Dubai, June 23, 2025 (AFP) - Military bases or vital waterway: Iran weighs response to US strikes

2025-06-23 16:03:21

Latest NAMPA photos

WINDHOEK, 03 June 2025 - Officials and stakeholders pose for a photo at the Global African Hydrogen Summit (GAH2S) Strategic Conference held in Windhoek. (Photo by: Molly Weyulu) NAMPA

NAMPA

OTJIWARONGO, 23 June 2025 - Some of the trophies to be won on Saturday at the 2025 Namibian Police Force's 28th annual sports championship underway at Otjiwarongo in the Otjozondjupa Region. (Photo by: Mulisa Simiyasa) NAMPA

NAMPA

OTJIWARONGO, 23 June 2025 - A section of regional teams participating at the 2025 Namibian Police Force (NamPol)'s 28th annual sports championship underway at Otjiwarongo in the Otjozondjupa Region. (Photo by: Mulisa Simiyasa) NAMPA

NAMPA

MARIENTAL, 21 June 2025 - The Governor of the Hardap Region, Riaan McNab delivering his speech at World Music Day hosted in Mariental at the Mariental Showgrounds on Saturday. (Photo by: Charmaine Boois) NAMPA

NAMPA

MARIENTAL, 21 June 2025 - A cultural group preforming at the World Music Day hosted in Mariental on Saturday. (Photo by: Charmaine Boois) NAMPA

NAMPA

WINDHOEK, 21 June 2025 - Welwitschias players (in blue) and an Airlink Pumas player while in action during a friendly match which the Pumas won 59-19 at Hage Geingob Stadium in Olympia, Windhoek. (Photo by: Hesron Kapanga) NAMPA

NAMPA

WINDHOEK, 21 June 2025 - Welwitschias players (in blue) and Airlink Pumas players in action during a friendly match which the Pumas won 59-19 at Hage Geingob Stadium in Olympia, Windhoek. (Photo by: Hesron Kapanga) NAMPA

NAMPA