Sweden Now Expects Faster Growth in 2026 as Trade Concerns Fade
'I am still concerned about tariffs, but at least now we know roughly what level they will be,' Finance Minister Elisabeth Svantesson told reporters in Stockholm on Wednesday. 'Uncertainty has declined in that area.'
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Associated Press
9 minutes ago
- Associated Press
New Zealand will spend $1.6B on military aircraft in a plan to double the defense budget
WELLINGTON, New Zealand (AP) — New Zealand 's government announced new military spending Thursday of 2.7 billion New Zealand dollars ($1.6 billion) to replace aging aircraft, with senior officials who unveiled the package citing rapidly growing global tensions and a deteriorating security environment. The purchase of military planes and helicopters was the first procurement announced in a government plan, disclosed April, to double defense spending from 1% to 2% of GDP in the next decade. New Zealand's military spending has trailed that of its larger partners in the Five Eyes intelligence sharing group of countries — which includes the United States, Britain, Canada and Australia — and the bolstered budget reflects a shift in how the remote island nation is responding to strategic competition between major powers in the Pacific Ocean. The procurement includes five MH-60R Seahawk helicopters to replace the existing maritime fleet and two Airbus A321XLR aircraft, allowing the retirement of Boeing 757s that are more than 30 years old and were already secondhand when purchased. The helicopters accounted for more than NZ $2 billion of the spending, officials said. Defense Minister Judith Collins said her government would 'move at pace' to procure the helicopters directly through the United States' foreign military sales program instead of going to a wider tender. Cabinet ministers were expected to consider the final business case in 2026, she told reporters in Wellington on Thursday. It would take 'a few years' to acquire the helicopters, Collins added, because buying new meant New Zealand would need to 'wait in line.' She denied the choice to buy from the United States was an attempt to rectify the trade imbalance that has seen New Zealand goods targeted for an adjusted 15% levy when arriving in the U.S. under the Trump administration's global tariffs plan. The aging Boeing aircraft have frequently broken down while transporting New Zealand prime ministers abroad in recent years and now can only be flown short distances. The episodes are among an awkward string of incidents that have highlighted the rundown state of the country's military hardware and persistent difficulties in maintaining it due to recruitment shortfalls.
Bloomberg
39 minutes ago
- Bloomberg
India's Christmas Exports Put at Risk by Trump's Tariff Threat
Donald Trump's threat to impose 50% tariffs is stealing the Christmas cheer for many Indian exporters who ship everything from tree lights to angels and other decorative holiday items. Facing US import duties of 25% that are expected to double later this month, these smaller firms are seeing delays in orders or even cancellations from American buyers, according to people familiar with the matter.
Yahoo
an hour ago
- Yahoo
Amine Adli to Bournemouth is considered a ‘done deal'
Bournemouth are set to complete the signing of Bayer Leverkusen attacker Amine Adli (25). According to , the Moroccan's move to the Premier League club is considered a 'done deal' after both parties reached an agreement for a €30m transfer. Bournemouth will pay an initial €21m plus €9m in add-ons, some of which may be unachievable. Plettenberg further reports that a realistic total is around the €27m fee. Bayer Leverkusen have also given the green light for Adli to undergo a medical. The former Toulouse player – who also had interest from Sunderland and Marseille – has already provided one assist for B04 this season during their DFB Pokal win against Sonnenhof Großaspach. Adli's move to Bournemouth comes just hours after it was reported that the Bundesliga side are closing on an agreement with Manchester City to sign Argentine midfielder Claudio Echeverri on a season-long loan without an option to buy, beating Borussia Dortmund to sign the 19-year-old. GGFN | Daniel Pinder
