logo
Germany prepares huge orders for jets, armored vehicles, sources say, World News

Germany prepares huge orders for jets, armored vehicles, sources say, World News

AsiaOnea day ago
BERLIN — Germany is preparing a wave of multi-billion-euro procurement orders, including 20 Eurofighter jets, up to 3,000 Boxer armoured vehicles, and as many as 3,500 Patria infantry fighting vehicles, two sources familiar with the plans told Reuters.
The purchases are part of Chancellor Friedrich Merz's push to build Europe's most powerful conventional army, aiming to reduce reliance on an increasingly unpredictable ally, the United States, and take greater responsibility for European security.
Earlier this year, Merz secured the parliamentary backing needed to exempt defence spending from Germany's constitutionally enshrined debt limits, enabling his government to finance the military overhaul.
Germany's regular defence budget is projected to rise to around 83 billion euro (S$123.4 billion) in 2026, up by 20 billion from 2025.
The Eurofighter order alone is expected to cost between four billion and five billion euro, the sources said, while the Boxer vehicles — built by KNDS and Rheinmetall — are estimated at 10 billion euro. The Patria vehicles are seen costing roughly 7 billion euro.
Deliveries of the Boxer and Patria platforms are expected over the next 10 years, according to the sources.
The defence ministry is also advancing plans to purchase more IRIS-T air defence systems and several hundred SkyRanger drone defence platforms, the sources said, noting that financial details for those acquisitions have yet to be finalised.
Bloomberg also reported on the procurement plans, though citing some differing figures.
The defence ministry did not immediately reply to a request for comment.
Merz has pledged to meet Nato's new benchmark of spending 3.5 per cent of GDP on defence by 2029 — well ahead of most alliance members.
But Germany also has more catching up to do. Hours after Russia's invasion of Ukraine, the chief of the German army publicly vented his frustration over the long-running neglect of military readiness in his country, saying the Bundeswehr was "standing there more or less empty-handed."
[[nid:720581]]
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Qualcomm shares slide as Apple modem shift, tariffs raise growth concerns
Qualcomm shares slide as Apple modem shift, tariffs raise growth concerns

CNA

timea few seconds ago

  • CNA

Qualcomm shares slide as Apple modem shift, tariffs raise growth concerns

Qualcomm shares fell nearly 5 per cent before the bell on Thursday as the looming loss of Apple as its biggest modem customer outweighed its upbeat quarterly forecast. The San Diego-based chip supplier warned investors that Apple's move to depend on in-house modems, starting with the February launch of the iPhone 16e, would hit future chip revenue. Qualcomm has intensified its focus on sectors such as data centers and personal computers. Adding to the pressure, U.S. President Donald Trump's renewed tariff threats on semiconductors have emerged as a risk, potentially disrupting supply chains and hurting Qualcomm's handset revenue, analysts said. While smartphones and semiconductor chips have so far been exempt from these levies, Trump recently warned he would "soon announce tariffs on semiconductors," raising concerns of sector-specific duties. CFO Akash Palkhiwala told Reuters that the company hasn't seen early chip orders yet, suggesting customers aren't rushing to beat possible tariffs. "Tariffs could trim mid-single digits off handset revenue, but Chinese OEMs (original equipment manufacturers) still view (Qualcomm's mobile phone chip) Snapdragon as essential for global 5G and AI-on-device marketing," said Michael Ashley Schulman, CIO at Running Point Capital. Qualcomm, the world's largest supplier of modem chips and seen as a bellwether for smartphones, said chip sales to non-Apple customers have risen more than 15 per cent this fiscal year, driven by premium Android launches. "We see durable share at Samsung and an extended collaboration with Xiaomi as key support in the handset segment as Apple chipset revenue comes out of the model," TD Cowen analysts said. Qualcomm is also expanding in augmented reality. CEO Cristiano Amon said the company now supports 19 augmented reality designs including META's Ray-Ban smart glasses and expects that number to grow.

Paris' Montmartre battles overtourism post-Olympics
Paris' Montmartre battles overtourism post-Olympics

Straits Times

timea few seconds ago

  • Straits Times

Paris' Montmartre battles overtourism post-Olympics

Sign up now: Get ST's newsletters delivered to your inbox FILE PHOTO: Artists create portraits of tourists on the street in Montmartre, Paris, France, July 29, 2025. REUTERS/Tom Nicholson/File Photo PARIS - Residents of Montmartre in Paris are sounding the alarm over overtourism, fearing their picturesque hilltop neighbourhood could become the next Barcelona or Venice, as tourist numbers spike following last year's Olympic Games. While Paris has so far avoided the large-scale protests seen in Spain and Italy, some of its most iconic areas are starting to feel the strain. Stringent housing regulations and the city's size have helped, but locals who live on the cobbled streets of Montmartre say change is urgently needed. Anne Renaudie, who has lived in the area for 29 years and heads the Vivre à Montmartre association, said the historic quarter made famous by the 2001 film "Amelie" now resembles a theme park. "People come for three hours, have fun, buy a beret or a crepe, and leave — as if they were in an amusement park," she told Reuters. Meanwhile, essential food shops for residents are vanishing, replaced by snack stands and souvenir stalls. "We're down to two or three butchers, two cheese shops. They're disappearing one after the other," she said. "Now it's a lot of ice cream, crepes, taco places." Her association has proposed measures to the town hall similar to those in other European tourist hotspots: limiting tour groups to 25 people, banning loudspeakers, and raising the tourist tax. Tourism in the Paris region reached 48.7 million visitors in 2024, with about 11 million visiting Montmartre annually, largely to see the photogenic Sacre-Coeur basilica. The narrow streets have become clogged with tour groups, leaving locals frustrated. Top stories Swipe. Select. Stay informed. Singapore No entry: ICA to bar high-risk, undesirable travellers from boarding S'pore-bound ships, flights Singapore 17-member committee to drive roll-out of autonomous vehicles in Singapore Singapore Over half of job applications by retrenched Jetstar Asia staff led to offers or interviews: CEO Singapore Underground pipe leak likely reason for water supply issues during Toa Payoh fire: Town council Business Singapore gold investment soars 37% to 2.2 tonnes in Q2 while jewellery demand wanes Multimedia 60 years, 60 items: A National Day game challenge Asia US-Malaysia tariff deal set for Aug 1 after Trump-Anwar phone call Singapore 'Switching careers just as I became a dad was risky, but I had to do it for my family' "Sometimes I have to really raise my voice and say, 'Sorry, I want to pass'," said Anthea Quenel, 44, a mother of two and local resident. And things may only get busier. Paris officials say 2025 is shaping up to be a bumper tourist year, with a 20% rise in January bookings over the same month last year. Eric Lejoindre, mayor of the 18th arrondissement, which includes Montmartre, said rising housing prices could drive residents out. "For me, the big issue is housing. That means fighting against Airbnb and rental platforms," he said. Real estate prices in Montmartre have risen 19% over the past decade, according to website A 40-square-metre apartment near Place du Tertre can now fetch around 500,000 euros ($572,000). To address this, Paris has tightened short-term rental rules, reducing the annual limit on renting out a primary residence from 120 to 90 days. Even small things, like the cost of a scoop of ice cream — which can set you back 5 euros, reflect the shift from neighbourhood to tourist zone. "It's like Disneyland," Quenel lamented. REUTERS

New Zealand ends Ardern-era ban on oil and gas exploration
New Zealand ends Ardern-era ban on oil and gas exploration

Straits Times

timea few seconds ago

  • Straits Times

New Zealand ends Ardern-era ban on oil and gas exploration

Sign up now: Get ST's newsletters delivered to your inbox FILE PHOTO: Former New Zealand Prime Minister Jacinda Ardern addresses Yale's graduates on Class Day, a day before commencement ceremonies, in New Haven, Connecticut, U.S. May 18, 2025. REUTERS/Bryan Woolston/File Photo New Zealand's parliament on Thursday passed legislation to reopen the country for offshore oil and gas exploration, lifting a ban imposed by former Prime Minister Jacinda Ardern. The law will allow companies to apply as early as September for petroleum exploration permits beyond onshore Taranaki, an energy-rich region on the country's North Island. Environmental groups said the decision to restart exploration was a setback for the country's transition to renewable energy. 'This government keeps choosing to undermine our resilience rather than transition to clean, green energy,' said Green Party Climate spokesperson Chloe Swarbrick. In 2018, the centre-left Labour government led by Ardern halted the granting of new offshore oil and gas exploration permits in a bid to tackle climate change and reduce New Zealand's reliance on fossil fuels. Since winning power in late 2023, Prime Minister Christopher Luxon's conservative government has passed numerous measures rolling back Labour's progressive agenda, including repealing rebates for green cars and fast-tracking mining projects. Resources Minister Shane Jones, an advocate for the fossil fuel sector, said Ardern's ban had reduced new investment in the oil and gas sector and exacerbated domestic energy shortages. Top stories Swipe. Select. Stay informed. Singapore No entry: ICA to bar high-risk, undesirable travellers from boarding S'pore-bound ships, flights Singapore 17-member committee to drive roll-out of autonomous vehicles in Singapore Singapore Over half of job applications by retrenched Jetstar Asia staff led to offers or interviews: CEO Singapore Underground pipe leak likely reason for water supply issues during Toa Payoh fire: Town council Business Singapore gold investment soars 37% to 2.2 tonnes in Q2 while jewellery demand wanes Multimedia 60 years, 60 items: A National Day game challenge Asia US-Malaysia tariff deal set for Aug 1 after Trump-Anwar phone call Singapore 'Switching careers just as I became a dad was risky, but I had to do it for my family' 'This government is pragmatic about the vital role natural gas will play in our energy mix in the decades ahead and we have set a course for greater energy security backed by our own indigenous reserves,' Jones said. The bill passed by 68 votes to 54. REUTERS

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store