NATO members agreed to a big increase in their defence spending target to 5% of gross domestic product, as demanded by ...

Earlier on Sunday, diplomats said NATO’s 32 member states had agreed on a summit statement setting a 5% of GDP target for annual defense and security spending by 2035, despite Spain’s objections.

Spain agreed with the NATO military alliance to be excluded from spending 5% of its gross domestic product on defence, Prime Minister Pedro Sanchez said on Sunday.

A NATO official on Thursday said that discussions between allies were ongoing about a new defense spending plan. “For Spain, committing to a 5% target would not only be unreasonable, but also ...

As Nato leaders meet to agree big increases in targets for defence spending, some of them haven't yet met the existing ones.

MADRID (AP) — Spain reached a deal with NATO to be excluded from a 5% of GDP defense spending target, days before the military alliance's leaders will gather at a summit, Prime Minister Pedro ...

NATO summit addresses defense spending as Trump pushes European allies for 5% GDP commitment, while Iran nuclear concerns and Ukraine's membership aspirations complicate alliance unity.

NATO’s new spending goals. The 5% goal is made up of two parts. The allies would agree to hike pure defense spending to 3.5% of GDP, up from the current target of at least 2%, which 22 of the 32 ...

Defense stocks have been on a significant rally this year, especially those in Europe. This is because investors expect a ...

The Nato summit at the end of June left Donald Trump happy. The US president hailed the ”tremendous” agreement by the ...

MADRID (AP) — Spain has rejected a NATO proposal to spend 5% of gross domestic product on defense needs that’s due to be announced next week, calling it “unreasonable.” ...