Canada, UK back complementary approaches to defense financing

Names Of 10 Founding Nations For Global Defence Bank Soon: Canada

The bank's purpose is to bolster the defence of allied nations by raising up to £100 billion (133 billion) in cheap finance.

Canada wants more backers for global defence bank, foreign minister says

By Jonathan SpicerANKARA, July 7 (Reuters) - Canada wants more countries to back its global defence bank initiative before it announces a roster of founding nations, foreign minister Anita Anand said in an interview on the sidelines of the NATO leaders' summit in Ankara on Tuesday.Mark Carney's government has been promoting the multilateral Defence, Security and Resilience Bank (DSRB) and had been aiming to unveil around 10 national backers at the NATO summit, the country's lead negotiator told Reuters last week.

Nine Countries Support Proposed Global Defence Bank

The Canadian Prime Minister Mark Carney says nine countries have pledged support for a proposed global defence bank aimed at strengthening defence capabilities among allied nations. Speaking at the NATO summit in Ankara, Carney said Albania, Belgium, Greece, Latvia, Luxembourg, Romania, Turkey and Ukraine have joined Canada in backing the proposed Defence, Security and Resilience [] The post Nine Countries Support Proposed Global Defence Bank appeared first on Voice of Nigeria.

Mistrust between the Treasury and MoD is holding back UK defence

Resolving the impasse between the two departments is urgent

Canadian Financials: Can Their Rallying Ways Continue?

Canadian Financials: Can Their Rallying Ways Continue?

Dominion Dynamics closes $139M funding round with Canadian defence firms in spotlight

A defence technology company that has helped protect Canada’s north revealed Tuesday that it recently added another asset to its arsenal: 139 million. Dominion Dynamics claims the cash it raised forms the largest Series A funding round for a Canadian defence company ever and will help the burgeoning Ottawa-based firm expand rapidly. “It feels good [] The post Dominion Dynamics closes 139M funding round with Canadian defence firms in spotlight appeared first on Loonie Politics.

Canada's next defence fight won’t be over spending. It’ll be over trust

Britain’s political upheaval exposed a simple reality: Defence spending without fiscal credibility is a political liability. Canada has bought itself time by revealing few details of its long-term plans. That changes this fall, when Ottawa must finally show Canadians how its NATO ambitions will be financed.

Lee Rotherham: The Government’s weakness on defence is only rivalled by the weakness of their defence

The current defence budget is £62.2bn. Our figure, £70.3bn, is merely the estimate for being able to stay in the next big fight for more than a week – and, more immediately, for looking like a sufficiently serious threat for a peer or near-peer power not to chance their hand and start it. The post Lee Rotherham: The Government’s weakness on defence is only rivalled by the weakness of their defence appeared first on Conservative Home.

PM: Some misused govt loans on luxury offices, cars and second wives

This has to stop, Anwar says.

What a £4,700,000 ‘black hole’ tells us about the murky world of defence funding

What a £4,700,000 ‘black hole’ tells us about the murky world of defence funding

Form 13D/A Franklin BSP Lending Fund For: 7 July

Form 13D/A Franklin BSP Lending Fund For: 7 July

Greece: A founding member of the Defence, Security and Resilience Bank – Strategic upgrade & benefits

The new multilateral bank aims to boost financing for projects in the fields of defense, security, technology, and critical infrastructure The post Greece: A founding member of the Defence, Security and Resilience Bank – Strategic upgrade benefits appeared first on ProtoThema English.

Foreign money for NGOs comes under tighter lens

Foreign money for NGOs comes under tighter lens

Coalition urges FG to borrow for productive investments

Emma Ujah, Abuja Bureau ChiefThe Economic and Fiscal Justice Coalition (EFJC) has tasked the Federal Government to adopt a “Borrow Better” framework by ensuring it borrows only for productive assets and not for recurrent consumption. This was contained in a position paper presented to the Minister of Finance and Coordinating Minister of the Economy, Mr. [] The post Coalition urges FG to borrow for productive investments appeared first on Vanguard News.

UWM Walked Away From the Two Harbors Bidding War. That Might Be the Best News for Shareholders.

United Wholesale Mortgage lost out to CrossCountry Mortgage, but that could actually be a sign of fiscal prudence.

UK to lower stablecoin capital buffers, undercutting EU's MiCA requirements

UK to lower stablecoin capital buffers, undercutting EU's MiCA requirements

Fair to the taxpayer? MPs dodged cuts to their lavish super scheme

Fair to the taxpayer? MPs dodged cuts to their lavish super scheme

I served in the Army – we’re scarily vulnerable to Putin

The long-awaited increase in defence funding is welcome, but it is a fraction of what is needed

How hospitals are profiting from a program meant for low-income patients

Washington is increasingly tapping a hidden “piggy bank” to fund its growing healthcare commitments. Proponents of this strategy proclaim that it doesn’t cost taxpayers a dime, but that’s an illusion. It’s quietly draining one of America’s most important industries — and threatens to degrade millions of Americans’ health while greatly increasing future healthcare spending. Each []

IL lawmaker promotes welfare water aid bill as critics raise concerns over federal expansion

A proposal to permanently restore a federal water assistance program is drawing criticism from policy analysts who say it would further expand an already costly federal welfare system, even as supporters argue it is needed to prevent water shutoffs for low-income households. U.S. Rep. Eric Sorensen, D-Moline,posted a statement on X highlighting the Low-Income Water []...Click to read more

UK unveils delayed defence spending plan

The UK has finally published it's delayed plan for defence spending. An extra 20 billion-dollars will be spent over the next 4 years but its only half of what the Ministry of Defence was asking for and it doesn't guarantee the UK will meet its Nato spending commitment of 5 percent of GDP on defence by 2035. Paul Hawkins has more.

The Troubled Firms That Gave Reform UK Tens of Thousands of Pounds Whilst on the Brink of Collapse

Anti-corruption campaigners question why firms are choosing to donate tens of thousands of pounds they apparently don't have to Nigel Farage's party

Defence Secretary faces questions on £4.7bn funding gap left to Andy Burnham

The presumptive prime minister will have to identify an extra tranche of funding for defence in his first budget.

BC Conservatives blast NDP and Carney for spending millions to buy 2,200 unsold condos from developers

VANCOUVER — The NDP government and Prime Minister Mark Carney are facing sharp criticism from B.C. Conservatives after announcing a plan to purchase 2,200 unsold condominium units from developers and convert them into affordable housing, a move critics describe as a bailout for wealthy developers that will not meaningfully address the housing crisis.

Starmer’s Defence Plan Forces Cuts on Labour’s Military Homes Manifesto Pledge

Labour is cutting funding from its flagship manifesto promise to fix military housing in order to fund the DIP. Net Zero fanatic Miliband, meanwhile, is eyeing up No11 The Times is reporting that Jarvis “freed up £1 billion of savings by delaying plans to expand the cadets and upgrade military homes.” Which means counter to

Bank of Israel cuts interest rate but warns against more military spending

The central bank also revised down its deficit projections, but the change is conditional on Israel's defense spending remaining within the state budget. Both the IDF and Prime Minister Benjamin Netanyahu are seeking an additional 25 billion shekels (8.3 billion) for defense

$31M in bonuses last year at Housing Corporation: Canadian Taxpayers Federation

'Your C-suite shouldn’t be taking millions in taxpayer-funded bonuses while Canadians can’t afford homes,' says group's federal director

U.S. Treasury has borrowed $155 billion every month of this fiscal year—and is now paying $24 billion a week in interest on its debts

Interest payments on the debt are now so large that the spending is higher than the outlays for the Departments of Defense, Commerce, Homeland Security, Education, the Environmental Protection Agency, the Small Business Administration, and the U.S. Coronavirus Refundable Credits scheme—combined.

Britain's defense spending blueprint through 2030 comes in $17B light

Britain's defense spending blueprint through 2030 comes in $17B light

The Canada Strong Fund wants Canadians’ money. It’s unclear how it will protect it

Canadians are in the dark about the Canada Strong Fund.

A Practical Guide to Credit and Loans

A Practical Guide to Credit and Loans

Developers didn’t ask ‘directly’ for B.C. vacant condo plan, Carney says

The proposed program has faced criticism from opposition parties and housing experts, some of whom have said it amounts to a 'bailout' for condo developers.