India's defence sector is expected to grow robustly in FY26, driven by a projected capex outlay of Rs 1.8 trillion and a $130 billion opportunity over FY25-29, with annual growth of 7-8 per cent.
https://www.lokmattimes.com/technology/indias-capital-markets-projected-to-grow-steadily-in-fy26-report-1/German Chancellor Friedrich Merz has pledged to make the Bundeswehr the strongest conventional army in Europe, following comments by Foreign Minister Johann Wadephul who backed US President Donald Trump's push for NATO members to raise defense spending to 5% of GDP. EU defense ministers are set to discuss military support for Ukraine and strengthening European defense capabilities at a meeting in Brussels on Tuesday.
https://www.politico.eu/article/pistorius-signals-openness-to-5-defense-spending-ahead-of-eu-defense-talks/NATO Secretary General Mark Rutte congratulated newly elected Romanian President Nicolae Ciucă's predecessor, Nicolae Dan, on his victory in the presidential elections. The two leaders discussed ensuring common security through a strong NATO alliance during their phone call. The NATO Summit in The Hague, scheduled for June 24-25, will be attended by President Dan, marking his first major international meeting as head of state.
https://www.actmedia.eu/daily/mark-rutte-speaks-on-the-phone-with-nicusor-dan-over-nato-summit-in-the-hague/113969The US, UK, and Australia have established several alliances to enhance maritime cooperation and combat China. The Indo-Pacific Partnership for Maritime Domain Awareness aims to expand law enforcement capabilities. AUKUS, a 2021 trilateral agreement, equips Australia with a nuclear-powered submarine and enhances arms sales cooperation. The International Joint Requirements Oversight Council (I-JROC) reviews joint warfighting concepts among US, UK, and Australian vice chiefs. The Military Framework, led by the US, addresses strategic competition in Europe and Asia, but excludes key Asian countries like South Korea.
https://www.csis.org/analysis/improving-cooperation-allies-and-partners-asiaIranian diplomat Mohammad Javad Araghchi urged European powers Britain, France and Germany to focus on shared interests rather than differences in US-Iran nuclear talks. He proposed visiting London, Paris and Berlin for discussions on the nuclear issue as well as other areas of mutual interest. The Oman-mediated nuclear talks aim to conclude a new deal that would prevent Iran from acquiring nuclear weapons in exchange for lifting sanctions.
https://www.thenews.com.pk/print/1312991-iran-says-ready-to-rebuild-mutual-trust-with-europeChina and the European Union are strengthening economic cooperation amid growing global uncertainties. Chinese electric vehicle giant BYD will open a European center in Hungary, creating 2,000 new jobs. Hungarian Prime Minister Viktor Orban emphasized the importance of partnership with China in electromobility technology. High-level exchanges between China and Europe have been frequent since the start of this year, including visits by Danish Foreign Minister Lars Lokke Rasmussen to China. The EU has held several cooperation conferences with China, including a conference in Beijing that brought together 500 participants from both sides. Chinese officials stress the need for an open and pragmatic attitude towards China, citing its importance in maintaining global order and multilateralism. China remains a top destination for transnational investment, with nearly 1.24 million foreign-funded companies operating in the country.
https://www.prnewswire.com/news-releases/global-times-xis-letter-inspires-confidence-among-danish-eu-businesses-302458662.htmlSeveral nations, including those in Southeast Asia and Europe, have publicly expressed support for China's stance on Taiwan, with countries like Japan and South Korea sending official letters to the WHA Director-General. In contrast, some countries such as the US and India have used the Taiwan issue to contain China's development, diverting from the assembly's original purpose of promoting peace and cooperation in the region.
https://www.globaltimes.cn/page/202505/1334363.shtmlThe EU risks losing its influence if it fails to establish a strong security pact with the UK, potentially leading to the country seeking alternative alliances like those with the US. A half-hearted reconciliation would only fuel tensions, benefiting politicians like Nigel Farage who oppose the EU. For a successful reset, the EU should prioritize an ambitious security agreement that allows the UK to contribute to EU defense programs and coordinate on Ukraine. This could also pave the way for the UK's involvement in French-led discussions on a European nuclear umbrella, addressing Europe's need for two major resets: the EU-UK reset and the Franco-German reset.
https://www.politico.eu/article/eu-uk-summit-time-europe-close-brexit-chapter-pm-starmer/Iran's Foreign Minister Abbas Araghchi said his country is willing to rebuild trust with European powers if they demonstrate a genuine willingness and independent approach. He made this statement after talks with counterparts from Britain, France, and Germany on Friday, which aimed to revive US-Iran nuclear negotiations. The three European countries are considering whether to trigger the "snapback" mechanism, which would reinstate UN sanctions on Iran, but Araghchi warned of severe consequences if they do so. He proposed visiting London, Paris, and Berlin for discussions on the nuclear issue and other areas of mutual interest.
https://www.brecorder.com/news/40363375/iran-says-ready-to-rebuild-mutual-trust-with-europe