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Is Europe ready to defend itself? Four key charts that tell the story

Is Europe ready to defend itself? Four key charts that tell the story

CNN05-05-2025

The Trump administration has sent an unmistakable message to Europe: You're on your own.
In three dizzying months, the White House has reversed decades' worth of American foreign policy, pledged to scale back its presence on the continent, and pushed to wrap up Russia's war in Ukraine, even if that might mean handing Ukrainian land to Moscow.
The new reality is one to which Europe is still adjusting. But 80 years to the week after American and European allies forced the surrender of Nazi Germany, a future in which the continent is left alone to defend itself from the Russian menace is no longer hypothetical.
'Europe has been living for 80 years in a situation in which peace was given for granted. And apparently peace was offered for free,' Roberto Cingolani, a former Italian government minister who's now chief executive of European defense giant Leonardo, told CNN during a recent visit to the company's headquarters in northern Italy.
'Now, all of a sudden, after the invasion (of) Ukraine, we realize that peace must be defended.'
A breakneck race is underway in Europe's NATO-member states to ready the continent in case of confrontation with Russia. The race is winnable: Europe boasts militaries large and expensive enough to at least partially plug the hole Washington is threatening to leave.
But armies in Western Europe need a serious influx of funds and expertise to prepare themselves for the worst-case scenario.
In recent years, Britain, France and Germany have pumped funds into their aging militaries after a plateau in spending during the middle of the 2010s.
But it could be several years until the impact of those funds are felt on the front lines. Troop numbers, weaponry and military readiness have waned in Western Europe since the end of the Cold War. 'The high level of attrition in the Ukraine War has painfully highlighted European countries' current shortcomings,' the International Institute for Strategic Studies, a London-based think tank, wrote in a blunt review of Europe's forces last year.
Nations nearer the Russian border are moving faster. The Trump administration has hailed Poland as a paragon of self-sufficiency. 'We see Poland as the model ally on the continent: willing to invest not just in their defense, but in our shared defense and the defense of the continent,' Defense Secretary Pete Hegseth said in Warsaw during the first European bilateral meeting of Trump's second term.
But Poland's rapid escalation in defense spending has more to do with its own, generations-old tensions with Russia than with a desire to earn a place in Trump's good graces. Warsaw and Washington are at odds on the conflict in Ukraine; Poland has for years warned Europe of the threat posed by Russia, and has steadfastly supported its neighbor as it defends territory from Putin's advances.
The US has stationed troops in Europe since the end of the Cold War, and their numbers have grown since Russia's full-scale invasion, with around 80,000 on the continent last year, according to a Congressional report. But the deployment is still far smaller than at the height of the Cold War, when nearly half a million American troops were stationed in Europe.
For decades, American foreign policy emphasized the importance of those deployments not just to European security, but to its own. Troops on the continent provide forward defense, help train allied forces, and manage nuclear warheads.
Now, the future of those deployments is not clear. European leaders have publicly urged Washington not to reduce numbers, but Trump, Hegseth and Vice President JD Vance have all made clear their intention to strengthen the US military posture in the South China Sea.
Today, most US land and air bases are located in Germany, Italy and Poland. US bases in central Europe provide a counterweight to the Russian threat, while naval and aerial locations in Turkey, Greece and Italy also support missions in the Middle East.
The locations serve as 'a crucial foundation for NATO operations, regional deterrence, and global power projection,' according to the Washington-based Center for European Policy Analysis think tank.
The most important deterrent Europe holds, however, is its nuclear warheads.
During the early stages of Russia's war, President Vladimir Putin repeatedly prompted worldwide alarm by hinting at the use of a nuclear weapon. That fear subsided after the war became bogged down in Ukraine's east.
But nuclear deterrence is an area on which Europe is heavily reliant on the US. Britain and France – the two European countries with nuclear weapons – have only about a tenth of Russia's arsenal between them. But the American nuclear war chest roughly matches Russia's, and dozens of those US warheads are located in Europe.

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What the Israel-Iran conflict means for gas prices
What the Israel-Iran conflict means for gas prices

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What the Israel-Iran conflict means for gas prices

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'We still assume no disruptions to oil supply in the Middle East,' Goldman Sachs strategists led by Daan Struyven, co-lead of the bank's commodity research team, wrote in a report to clients. But if oil prices continue spiking, several steps could be taken to help supply meet demand. One option is that Saudi Arabia and other OPEC nations could accelerate recent production increases that began earlier this year. 'If oil is caught in the cross-fire,' RBC's Croft said, 'we anticipate that President Trump will seek OPEC spare barrels to try to keep a lid on prices and shield US consumers from the economic impact of the Middle East conflict.' Goldman Sachs assumes that if Iranian oil exports plunge by 1.76 million barrels per day during the conflict, core OPEC+ production would make up half of the Iranian shortfall. In that scenario, Goldman Sachs estimates that Brent crude would climb above $90 a barrel before declining back to between $60 and $70 next year. 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Terra Balcanica Welcomes Acquisition of Neighboring Producer in Bosnia and Herzegovina
Terra Balcanica Welcomes Acquisition of Neighboring Producer in Bosnia and Herzegovina

Business Upturn

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The Western Tethyan Belt is the world's preeminent metallogenic corridor akin to the Andes and Cordilleras of the Americas. In the Balkans, it is divided into the Cretaceous and Neogene components (Figure 1), both of which are known for multiple Tier-1 deposits of precious, base (Cu-Sb-Zn-Pb), and energy transition (Li-B) metals appearing in a variety of genetic styles (skarn, veined epithermal, porphyry and sediment-hosted associations) Figure 1. Tethyan metallogenic belts of the Balkan Peninsula. Key regional projects include: the 21.1 Mt at 577 g/t AgEq. Vares silver project in Bosnia owned by Adriatic Metals, the 1.8 Bt at 0.86% Cu Čukaru Peki deposit in Timok, Serbia (Zijin Mining), and the JORC inferred resource of 7.4 Moz Au at the Rogozna project in south Serbia owned by Strickland Metals ( The red arrows indicate locations of Terra's Viogor-Zanik project and the Adriatic's Vares mine, respectively ( Click here to view image ). 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The use of any of the words 'will', 'intends' and similar expressions are intended to identify forward-looking statements. Forward-looking statements contained in this press release include, but are not limited to, the terms and completion of the Private Placement and the anticipated Closing Date. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These forward-looking statements are based on a number of assumptions which may prove to be incorrect including, but not limited to, the ability to obtain regulatory approval for the Private Placement; the state of the equity financing markets in Canada and other jurisdictions; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; and fluctuations in metal prices. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash

Utah Rep. Maloy pushes against amendment to reinstate military reimbursements for abortion travel
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WASHINGTON — Utah Rep. Celeste Maloy is pushing back against efforts to reinstate Biden-era policies directing the Defense Department to reimburse costs for service members who travel across state lines to obtain an abortion. During an appropriations hearing on Thursday, Maloy rejected an amendment seeking to implement a 2022 policy allowing for reimbursements for abortion-related travel and attach it to legislation funding the Defense Department for the 2026 fiscal year. Maloy argued the proposal runs afoul of the Hyde Amendment, a federal statute passed in 1976 prohibiting federal funds from going toward abortion costs, with few exceptions. 'The Hyde Amendment is a clear federal ban on abortion funding, except in the cases of rape, incest and life of the mother,' Maloy said in her remarks. 'It's been in place every appropriation cycle for 40 years. And I've been here, I've heard a lot of talk about partisanship and how this should not be a partisan bill, but this is a completely partisan amendment, whereas the Hyde Amendment has been a bipartisan consensus for four decades.' The amendment, proposed by a Democrat during the appropriations hearing, was ultimately rejected. The DOD issued a policy shortly after the Supreme Court overturned Roe v. Wade in 2022 that would allow military members to receive travel reimbursements and approved leave for abortion-related reasons. That policy was largely approved to allow service members in states where abortion was banned locally to travel across state lines if needed. That provision was criticized by Republicans and was rescinded shortly after Donald Trump took office in January and signed an executive order enforcing the Hyde Amendment and restricting taxpayer dollars from being used for any abortion-related reasons. Maloy pushed against reinstating that policy, arguing it forces taxpayers to fund travel and lodging costs for a procedure they may disagree with. 'The federal government must exercise restraint and respect diverse moral values of American people,' Maloy said. 'This amendment is not in the spirit of that neutrality, not in the spirit of the Dobbs decision or the Hyde Amendment.' 'This would allow the DOD to make federal abortion policy that isn't in keeping with what Congress has done through the Hyde Amendment, and that's a path that I don't think we should start to go down,' she added. 'Federal abortion policy should be uniform like it has been for 40 years through bipartisan consensus in the Hyde Amendment. Abortions, including abortion travel or enhanced leave policies designed to facilitate abortions, have no place in this bill.' Republicans overwhelmingly rejected the amendment and the House Appropriations Committee advanced the larger bill, the Fiscal Year 2026 Defense Appropriations Act. The legislation seeks to provide more than $830 billion to the Defense Department and includes policies to increase pay for military personnel, modernize weapons systems, codify some DOGE suggestions to cut 'waste, fraud and abuse' within the department, and more.

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