Peter's Feed
Mar 2, 2014

Ukraine crisis gives NATO, West no good options

LONDON (Reuters) – With Western powers increasingly concluding Ukraine has lost Crimea to Russia, the U.S. and its allies face few viable options and serious questions over future relations.

In ignoring President Barack Obama’s Friday warning to keep out of Ukraine, Russia looks to be precipitating the greatest crisis in Russia-Western relations since at least the fall of the Berlin Wall.

Feb 27, 2014

Russia raises military clout with reforms after Georgian war

LONDON, Feb 27 (Reuters) – Refitting Soviet-era warships,
fielding new aircraft and tanks and seeking new overseas bases,
the Russian military that now has troops on alert amidst a
crisis in Ukraine is more potent than the force which briefly
fought Georgia six years ago.

Moscow is seriously investing in building its clout. Since
2008, it has raised military spending by almost a third and
drastically reformed both the armed forces and defence industry
to tackle post-Cold War decay.

Feb 25, 2014

Recent hacks spur new company cyber spending: survey

LONDON (Reuters) – Almost 60 percent of top firms in the United States, Canada, Britain and Australia have boosted their spending on cyber defenses following the theft of data of millions of customers from U.S. retailer Target and other big companies, a report said on Tuesday.

A survey by BAE Systems Applied Intelligence of senior IT officials in companies ranging from banks to mining, technology and law showed U.S. firms already spending 15 percent of their entire IT budgets on improving security. The number looked set to rise.

Feb 13, 2014

Global spending on space falls, emerging states are spending more

LONDON (Reuters) – Global spending on government space programs dropped for the first time in almost two decades in 2013, a report showed on Thursday, as rising investment among emerging nations failed to offset cuts by the United States.

An annual report by consultancy Euroconsult showed global budgets for space programs dropped to $72.1 billion from $72.9 billion in 2012, the first drop since 1995.

Feb 12, 2014

As West cuts, global defense industry balance shifts

LONDON (Reuters) – Fuelled by growing strains in Middle East and Asia, global defense spending looks set to rise in 2014 for the first time since the 2008 financial crisis.

A study of the world’s top 100 arms companies by the Stockholm International Peace Research Institute (SIPRI) this month showed their total arms sales for 2012 falling 4.2 percent from the previous year to $395 billion, their second annual fall.

Feb 9, 2014

As Afghan deployment winds down, UK ponders military’s role

LONDON, Feb 9 (Reuters) – As British troops strip down
equipment and load containers to leave Afghanistan, its military
self-confidence has rarely been lower.

When Britain ramped up its presence in Helmand Province in
2006, it was a different story.

Feb 5, 2014

Saudi Arabia tops UK as fourth largest defence spender-report

LONDON, Feb 5 (Reuters) – Saudi Arabia beat Britain to
become the world’s fourth largest defence spender in 2013, a
report said on Wednesday, as Western cuts and Asian and Middle
Eastern growth shift the global balance of military power.

London’s International Institute for Strategic Studies said
the United States remains by far the world’s pre-eminent
military power, spending some $600 billion Last year, some 38
percent of the global total.

Nov 21, 2013

U.S. military says it may have to cut Europe budget by fifth

LONDON (Reuters) – The United States may be compelled to cut its military spending in Europe next year by as much as a fifth in the latest round of reductions under “sequestration”, America’s top general in the region said on Thursday.

U.S. Air Force General Philip Breedlove, who serves as both head of the U.S. European Command (EUCOM) and as NATO’s Supreme Allied Commander Europe (SACEUR), said the reductions will require NATO forces to work more closely together and train “smarter”.

Nov 18, 2013

Airshow – Despite diplomatic spats, U.S. arms firms trust in Mideast

LONDON/DUBAI (Reuters) – For U.S. arms firms flocking to the Dubai Airshow this week, the Middle East has never been more important – the second fastest growing market after Asia as western defence spending shrinks.

But they face an awkward reality: an apparently ever-growing gap between Washington and its closest regional allies.

Nov 18, 2013

Despite diplomatic spats, U.S. arms firms trust in Mideast

LONDON/DUBAI (Reuters) – For U.S. arms firms flocking to the Dubai Airshow this week, the Middle East has never been more important – the second fastest growing market after Asia as western defense spending shrinks.

But they face an awkward reality: an apparently ever-growing gap between Washington and its closest regional allies.

    • About Peter

      "Peter Apps is political risk correspondent for Europe, the Middle East and Africa, covering a range of stories on the interplay between politics, economics and markets. Previously, he was emerging markets correspondent based in London after postings in southern Africa and Sri Lanka. His neck was broken in a vehicle smash on assignment in Sri Lanka in 2006, leaving him largely paralysed from the shoulders down."
    • Follow Peter