
-
Russian missile strike kills 14 in Ukraine leader's home city
-
Trump's tariff Big Bang puts global economy under threat
-
I Am Maximus backed for National as Mullins hot streak continues
-
2014 World Cup winner Hummels to retire at season's end
-
Intercommunal violence kills dozens in central Nigeria
-
Nigerian, S. African music saw 'extraordinary growth' in 2024: Spotify
-
Russell Brand: From Hollywood star to rape suspect
-
France soccer star Mbappe unveiled in London... in waxwork form
-
Trump goads China as global trade war escalates
-
Israel expands Gaza ground offensive, hits Hamas in Lebanon
-
TikTok faces new US deadline to ditch Chinese owner
-
US Fed Chair warns tariffs will likely raise inflation, cool growth
-
Mbappe among three Real Madrid players fined for 'indecent conduct'
-
How can the EU respond to Trump tariffs?
-
Canada loses jobs for first time in 3 years as US tariffs bite
-
Real Madrid and Barcelona respect each other, says Ancelotti
-
Nations divided ahead of decisive week for shipping emissions
-
Trump goads China after Beijing retaliates in global trade war
-
Arteta urges Arsenal to enjoy "beautiful" run-in despite injury woes
-
London mayor gets new powers to revive capital's ailing nightlife
-
Italy's ski star Brignone takes on 'new challenge' after serious leg injury
-
Amorim in a 'rush' to succeed at Man Utd
-
PSG coach Luis Enrique targets unbeaten season
-
Duterte victims seeking 'truth and justice': lawyer
-
US job growth strong in March but Trump tariff impact still to come
-
UK comedian and actor Russell Brand charged with rape
-
Stocks, oil slump as China retaliates and Trump digs in heels
-
Postecoglou 'falling out of love' with football due to VAR
-
EU hails 'new era' in relations with Central Asia
-
US hiring beats expectations in March as tariff uncertainty brews
-
'Unique' De Bruyne one of the greats, says Guardiola
-
Automakers shift gears after Trump tariffs
-
Where things stand in the US-China trade war
-
De Bruyne to leave Man City at end of the season
-
Youthful Matildas provide spark in friendly win over South Korea
-
Stocks, oil extend rout as China retaliates over Trump tariffs
-
De Bruyne says he will leave Man City at end of season
-
UK spy agency MI5 reveals fruity secrets in new show
-
Leverkusen's Wirtz to return 'next week', says Alonso
-
England bowler Stone to miss most of India Test series
-
Taiwan earmarks $2.7 bn to help industries hit by US tariffs
-
Rat earns world record for sniffing landmines in Cambodia
-
Elton John says new album 'freshest' since 1970s
-
EU announces 'new era' in relations with Central Asia
-
Greece nixes Acropolis shoot for 'Poor Things' director
-
'Historic moment': South Koreans react to Yoon's dismissal
-
Israel kills Hamas commander in Lebanon strike
-
Trump unveils first $5 million 'gold card' visa
-
Crashes, fires as Piastri fastest in chaotic second Japan GP practice
-
India and Bangladesh leaders meet for first time since revolution
RBGPF | 1.48% | 69.02 | $ | |
CMSC | -0.54% | 22.14 | $ | |
SCS | -1.13% | 10.62 | $ | |
NGG | -4.28% | 66.54 | $ | |
AZN | -6.68% | 69.29 | $ | |
RIO | -6.68% | 54.77 | $ | |
GSK | -6.12% | 36.76 | $ | |
RELX | -4.62% | 49.17 | $ | |
RYCEF | -16.39% | 8.42 | $ | |
BP | -9.29% | 28.675 | $ | |
JRI | -6.94% | 11.988 | $ | |
BCC | 0.23% | 94.85 | $ | |
CMSD | -0.09% | 22.65 | $ | |
BCE | 1.09% | 22.91 | $ | |
VOD | -9.72% | 8.54 | $ | |
BTI | -4.25% | 40.21 | $ |

Greece to spend big on 'historic' military shake up
NATO member Greece is set to unveil a massive modernisation of its armed forces on Wednesday, following the lead of several of its European allies.
Prime Minister Kyriakos Mitsotakis is expected to present the timeline to parliament, headlined with an eye-catching new anti-aircraft defence set-up called "Achilles's Shield".
The Mediterranean country already dedicates more than 3.0 percent of its GDP on defence -- owing to decades of tension with neighbouring Turkey.
It now plans to invest approximately 26 billion euros ($28 billion) on new weapons systems by 2036, according to ministerial sources.
The Greek government has called it "the most significant reform ever undertaken in the history of the Greek state in terms of national defence."
"Our country is protecting itself, arming itself, and strengthening itself," government spokesman Pavlos Marinakis said last week.
Alongside Poland, Estonia and Latvia, Greece is one of the few NATO member states that allocates more than 3.0 percent of output to defence.
And this year the nation of 10.5 million has doubled its military budget to 6.13 billion euros ($6.6 billion).
"Historically, Greece has served and will continue to serve as an outpost for Europe, which is currently seeking to reorganise its defence in a difficult international setting," said Maria Gavouneli, a professor of international law at the University of Athens.
- 'Achilles's Shield' -
A key part of the shake-up is an upgrade to its anti-missile and anti-aircraft systems called "Achilles's Shield", according to a source familiar with the matter.
Greek media reports suggest Athens is in negotiations with Israel to acquire the shield, which also includes enhancing anti-drone systems.
France, Italy and Norway have been also cited as possible suppliers of the new weapons, which include unmanned vessels (USVs), drones and radars.
Greece has sought to strengthen its position on the EU's Eastern Mediterranean border, close to the conflict zones of the Middle East.
A dutiful buyer of European military equipment, especially from France and Germany, Greece has always justified its arms spending by pointing to territorial disputes and threats from historic rival Turkey.
- 'Necessary' overhaul -
"This reorganisation was necessary for Greece because during the economic crisis of the last decade and the freeze on public spending, the country fell behind in terms of modernising (its arsenal)," said Gavouneli, who is also the director general of the Hellenic Foundation for European and Foreign Policy think-tank.
Greece has signed a military cooperation agreement with France, ordering 24 Rafale fighter jets and three Belharra-class defence and intervention frigates (FDI) for a total of more than 5.5 billion euros.
A fourth frigate will be built in Greek shipyards, offering added value to strengthen the Greek defence industry.
Athens has also signed a deal for the acquisition of 20 US-made F-35 fighter jets.
Last November, Defence Minister Nikos Dendias said Greece would order four different drone systems and overhaul its armed forces by merging military units.
Athens must cope with a "different reality" and modernise its forces quickly to meet the challenges of the 21st century and those in its relationship with Ankara, Dendias said at the time.
France, Germany, and Poland have lately announced plans to bolster their militaries at a time of faltering confidence in the US military umbrella. European Commission President Ursula von der Leyen has stressed that the EU must significantly increase its arms spending in the face of the threat from Russia.
L.Adams--AT