Kiev’s aircraft, radar installations and ammo depots have been hit, the Russian military says Russia conducted airstrikes overnight targeting Ukrainian military airfields, and delivering significant damage to aircraft and facilities, Moscow’s Defense Ministry has said.

Inflation will wipe out the effect of a recent increase in the defense budget in real terms, the newspaper claims The share of US spending on defense may drop below 3% for the first time since the Cold War era, the Wall Street Journal reports, citing the latest debt ceiling agreement as a major reason…

Aggressive monetary tightening by central banks threatens the global economy, according to strategists A cycle of boom and bust will return this year and a wave of corporate debt defaults is imminent, particularly in the US and Europe, Deutsche Bank has warned.