by 11 of the 31 members of the alliance. uk prime minister rishi sunak is expected to urge nato allies to learn the lessons from russia s invasion of ukraine and invest more in defence. joining me now is hugo brennan, research director at the risk intelligence company verisk maplecroft. good morning to you, hugo. so, just talk us through the level of defence spending going on at the moment. because this has been a contentious issue for years within nato, hasn t it? it very much has been, yeah. i mean, the first thing to say is the question of who foots the bill to pay for the alliance? as you say, that s long been a question mark. you ll remember back to 2019, when donald trump made it very much top of the agenda. and again, it s going to be in this latest nato summit. as you said, we re expecting some sort of agreement that will make it a requirement for nato member states to spend at least 2% of their gdp on defence spending, which would build on that 2014 agreement you r
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(Bloomberg) To a backdrop of hard rock and fireworks, the hundreds of people gathered in the Polish city of Olsztyn on a hot late August weekend liked what they heard: Hardworking Poles deserve a “house, a garden, a grill, two cars and a vacation” — and the current political leaders can’t deliver.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans
happens in the election next year, but certainly if donald trump were to return to the us presidency, the question of burden sharing would again be top of the agenda for the alliance. top of the agenda for the alliance- top of the agenda for the alliance. ., ., ., ., ., ~ top of the agenda for the alliance. ., ., ., ~ ., alliance. hugo, good to talk to ou. alliance. hugo, good to talk to yom thank alliance. hugo, good to talk to yom thank you alliance. hugo, good to talk to you. thank you for alliance. hugo, good to talk to you. thank you for your - you. thank you for your expertise. hugo brennan there. needless to say, we will be live today from vilnius throughout the day as the nato summit gets underway, which is starting in a few hours. to other business stories now: threads, meta s latest social media app has hit 100 million sign ups within five days since it was launched. celebrities, politicians and journalists have joined mark zuckerberg s new app which is now the fastest
by 11 of the 31 members of the alliance. uk prime minister rishi sunak is expected to urge nato allies to learn the lessons from russia s invasion of ukraine and invest more in defence. joining me now is hugo brennan, research director at the risk intelligence company verisk maplecroft. good morning to you, hugo. so, just talk us through the level of defence spending going on at the moment. because this has been a contentious issue for years within nato, hasn t it? it very much has been, yeah. i mean, the first thing to say is the question of who foots the bill to pay for the alliance? as you say, that s long been a question mark. you ll remember back to 2019, when donald trump made it very much top of the agenda. and again, it s going to be in this latest nato summit. as you said, we re expecting some sort of agreement that will make it a requirement for nato member