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Yahoo
6 minutes ago
- Yahoo
Healey signs agreement paving way for export of Typhoon jets to Turkey
The Defence Secretary has signed an agreement paving the way for the export of Typhoon fighter jets to Turkey. John Healey and Turkish counterpart Yaşar Guler signed a memorandum of understanding at the International Defence Industry Fair in Istanbul. It comes after the German government reportedly cleared the path for the delivery of 40 Typhoon Eurofighter jets to Turkey. 'Today's agreement is a big step towards Turkiye buying UK Typhoon fighter jets,' Mr Healey said. 'It shows this government's determination to secure new defence deals, building on our relationships abroad to deliver for British working people. 'Equipping Turkiye with Typhoons would strengthen Nato's collective defence, and boost both our countries' industrial bases by securing thousands of skilled jobs across the UK for years to come.' More than a third of each aircraft will be manufactured in the UK, with final assembly taking place at the BAE Systems site in Lancashire. The Typhoon jet programme is a partnership with Germany, Spain and Italy. Germany's security council has signed off on a Turkish request to buy the jets, which will use German parts, Der Spiegel reported, and has informed Turkish and Greek leaders of the decision. The programme supports 20,000 jobs in the UK. The RAF's own fleet of Typhoons is being upgraded over the next 15 years.
Bloomberg
8 minutes ago
- Bloomberg
EU Readies €100 Billion No-Deal Plan to Match US 30% Tariff
The European Union plans to quickly hit the US with 30% tariffs on some €100 billion ($117 billion) worth of goods in the event of no deal and if US President Donald Trump carries through with his threat to impose that rate on most of the bloc's exports after Aug. 1. As a part of a first wave of countermeasures, the EU would combine an already approved list of tariffs on €21 billion of US goods and a previously proposed list on an additional €72 billion of American products into one package, an European Commission spokesman said on Wednesday.
Bloomberg
8 minutes ago
- Bloomberg
Germany to Smooth Military Procurement in Massive Spending Push
By and Michael Nienaber Save German Chancellor Friedrich Merz's cabinet approved a law designed to accelerate military planning and procurement, part of the ruling coalition's effort to swiftly transform the Bundeswehr into Europe's strongest conventional army. Merz's conservative CDU/CSU bloc and his Social Democrat partners have effectively suspended rules limiting new borrowing to fund defense outlays and pledged to meet NATO's revised spending goal of 5% of gross domestic product on the military.
