Tag: rare earths

Germany and India Agree to Deepen Defence Cooperation

German Chancellor Friedrich Merz shares a car ride with Indian Prime Minister Narendra Modi in Ahmedabad on Monday | Photo: Government of India

Germany and India have agreed to expand cooperation in the defence sector during talks in Ahmedabad. A declaration of intent was signed during Chancellor Friedrich Merz’s visit, with plans including submarine construction in India and wider cooperation covering defence, technology, jobs, and critical resources.

SIPRI: Wars Push Global Arms Sales to All-Time High

European companies, Leonardo (No. 10 on the SIPRI 2024 list) and KNDS ( No. 42 on the SIPRI 2024 list), have joined hands to offer the CAESAR Self-Propelled Howitzer, to the military of the top arms selling country in the world, the United States | Photo: Leonardo DRS/KNDS

Global defence revenues surged to a record $679 billion in 2024, driven by the wars in Ukraine and Gaza and rising geopolitical tensions, according to new SIPRI data. The world’s 100 biggest arms makers saw sales grow 5.9 percent, with strong increases in Europe and steady dominance by U.S. firms. SpaceX entered the Top 100 for the first time, while China posted a rare decline due to procurement disruptions.