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New Zealand boosts defence spending in face of ‘adverse’ security environment

New Zealand’s government will boost defence spending by nine percent, according to its 2026 budget unveiled Thursday, with Finance Minister Nicola Willis saying the country faced its “most adverse” security environment in eight decades. Wellington needed to ensure “the capability to defend and advance New Zealand’s interests,” said Willis, adding that the NZ$3.5 billion ($2.05 billion) […]

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Australia sues consumer goods giant 3M over ‘forever chemicals’

Australia’s government said Thursday it had launched an AU$2 billion ($1.43 billion) legal action against US consumer goods giant 3M over the contamination of military bases that used firefighting foam containing so-called “forever chemicals”. Assistant Minister for Defence Peter Khalil told reporters the Australian government was seeking damages to recover the cost of managing environmental…

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As IPO nears, arms maker KNDS reports booming profits

Franco-German tank and weapons maker KNDS reported booming earnings Tuesday as it gears up to launch the latest initial public offering in the fast-growing defence sector. The news came after the German government announced last week it planned to seek a substantial stake when the group launches its IPO as it tries to gain more […]

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‘Hard to win’: Taiwanese react to uncertainty over US arms sales

President Donald Trump’s suggestion that US arms sales to Taiwan could be a bargaining chip with China has set off alarms across the world, but in Taipei, people told AFP the situation was beyond their control. A week on from Trump’s remarks to Fox News and aboard Air Force One, feverish speculation bubbled over whether […]

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Australia ‘disappointed’ by Chinese owner’s resistance to forced port sale

Australia’s defence minister Richard Marles said Thursday that Canberra was “disappointed” the Chinese leaseholder of the strategic Darwin Port was challenging efforts to return it to local ownership. Private Chinese company Landbridge acquired a 99 year lease to Darwin Port in 2015, prompting criticism of Australia from then-US president Barack Obama. Prime Minister Anthony Albanese […]

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French-German tank maker KNDS to push ahead with IPO

KNDS said Friday that it planned to push ahead with plans for a public offering of its shares, despite reports Berlin is seeking a delay as it weighs taking a stake in the tank and weapons maker. KNDS is currently effectively controlled by the French state as it is part-owned by French public holding company […]

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