Israel to Boost Budget by $12.5 Billion for Iran and Gaza Wars
The increase, announced by the Israeli finance and defense ministries in a joint statement on Thursday, is equivalent to roughly 2% of gross domestic product and underlines the fiscal impact of the country's multi-front war since late 2023.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
4 minutes ago
- Yahoo
Defence group Saab lands profit beat, raises 2025 outlook
STOCKHOLM (Reuters) -Swedish defence material maker Saab reported a bigger-than-expected rise in second-quarter operating earnings on Friday and raised its guidance to project even stronger sales this year on the back of soaring military spending. The maker of the Gripen fighter jet in a statement said operating earnings rose to 1.98 billion Swedish crowns ($204 million) from 1.33 billion a year ago, beating a mean forecast of 1.71 billion seen in a LSEG compilation of analyst forecasts. Saab, which makes military equipment ranging from missiles and advanced electronics to submarines, said it expected like-for-like sales to grow 16-20% this year, raising its outlook from anticipated growth of 12-16%. It repeated it expected operating profit to rise even faster than sales. ($1 = 9.7292 Swedish crowns)
Yahoo
4 minutes ago
- Yahoo
Russia 'Increasing Pace Of Gains' In Ukraine Despite Trump's Peace Plea, Says UK
Russia 'increasing the pace' of its gains in Ukraine despite Donald Trump's please for Vladimir Putin to end the war. The Ministry of Defence's (MoD) latest intelligence update on the conflict says Russian troops are seized more of their neighbour's territory throughout May and June. In a post on X, the MoD said: 'Russian ground forces highly likely seized approximately 550-600 square kilometres of Ukrainian territory in June 2025, an average of approximately 18-20 sq km per day. 'This was a slight increase from Russian advances in May 2025, which was itself a notable increase on the approximately 200 sq km of Ukrainian territory in April 2025.' The MoD said the gains were 'largely in rural, less built-up areas'. 'Russia has focused on identifying weak areas across the defensive line,' they said. 'Small assaults enable Russia to probe and spot opportunistic areas to break through and make further gains across the front line.' However, the intelligence update also pointed out that Russia is struggling to take fortified cities in Ukraine, choosing instead to circumvent them and try to cut off logistic and communication lines. Latest Defence Intelligence update on the situation in Ukraine - 17 July out more about Defence Intelligence's use of language: 🇺🇦 — Ministry of Defence 🇬🇧 (@DefenceHQ) July 17, 2025 News of the increased Russian gains will increase suspicions that Putin is trying to grab as much Ukrainian territory as they can before any potential ceasefire kicks in. Donald Trump warned earlier this week that America would impose 100% tariffs on Russian exports to the US unless Moscow stops its assault within 50 days. The US president has also agreed to send US Patriot missiles to Ukraine, although they will be paid for by the European Union. 'I haven't agreed on the number yet but they're going to have some because they do need protection,' Trump said. Former Russian prime minister Mikhail Kasyanov this week said the country's worsening economy could force Putin to end the war this year. He said: 'Putin has no people to work. All people just transfer from civilian industry to military industry. Civilian industry is already contracting, that's a problem he has. By the end of the year, a completely different situation will appear.' Related... Former Russian PM Says Putin Could Be Forced To End The Ukraine War This Year Trump Just Called Out Putin's 'Bulls***' – But Don't Expect Anything To Change In Ukraine 'Volodymyr, Can You Hit Moscow?': Trump's Extraordinary Question During Zelenskyy Phone Call
Yahoo
4 minutes ago
- Yahoo
Falcons predicted to trade for $1.25 million Browns run-stopper to add veteran help
The Atlanta Falcons seem to believe they've figured things out offensively with all the essential pieces now in place. That's why they've gone hard the last two years beefing up the other side of the ball. The Falcons have made six draft additions to their defensive front during that span. Last year's additions haven't quite worked out just yet, which is why they used not one, but two first-round picks in this year's draft — selecting Jalon Walker at No. 15 and James Pearce Jr. later at No. 26. Still, some of the Falcons' lingering issues on the defensive front could persist this season. Not only is Atlanta banking on second-year unknowns and rookies, but they'll be without veteran Grady Jarrett, who was cut this offseason. That leaves the door open for veteran help up front. AOL's Jordan O'Malley suggests one last-minute trade the Falcons could make before training camp is acquiring veteran defensive lineman Shelby Harris. 'Harris isn't a star, but he's a dependable veteran run-stopper, and that's exactly what Atlanta lacks in the middle,' O'Malley wrote. 'Atlanta's run defense ranked 26th in 2024, and their current interior group needs more experience. Harris would slot in immediately and bring toughness and leadership to a defensive line that needs both.' Harris will be entering his 11th NFL season. He's compiled 27.5 sacks and five forced fumbles throughout his career. He missed three games last season with an elbow injury. Financially, the move makes sense: the Falcons have just under $5 million in cap space, per Over The Cap, and Harris is owed $1.255 million in 2025. Follow The Sporting News on WhatsApp The Falcons' run defense left something to be desired last year. Statistically, they were around league average — ranking 15th in total rushing yards allowed (2,051), and surrendering 120.6 rushing yards per game. But the real problem came in critical moments. Opponents converted third downs 45.3% of the time, ranking Atlanta's defense 31st in the league. Falcons beat writer Tori McElhaney addressed these concerns directly while responding to a fan question about whether the team had done enough to fix its rush defense. 'Truth be told, it is a question I have myself. Because you're right that they are sticking with their own. And their own are in a little bit of uncharted waters at the moment. In fact, there are still a number of questions I have about Orhorhoro and the mantel he will take on in 2025, as well as the defensive front as a whole. Is Orhorhoro ready for the challenge presented? Can Zach Harrison emerge as a trusted playmaker (more on this in the next section)? How do new presences off the edge affect run defense numbers (i.e. how quickly can Jalon Walker and James Pearce Jr. make their presence known)? If better on first and second down, how does this improve pass rush stats?' Again, all the confidence in the 2025 Falcons is on the offensive side of the ball. The defense — not so much.
