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February 13, 2025

UK Sees Foreign Trade Deficit of $31B in 2024

London: The UK’s trade balance posted a deficit of £25.1 billion (some $31.3 billion) in 2024, the Office for National Statistics announced on Thursday. The country’s total exports totaled £832.6 billion, up 0.7% year-on-year, while total imports reac…

US Defense Secretary Reiterates Call for 5% Rise in NATO Spending

Brussels: The US defense secretary Thursday reiterated the call for an increase of up to 5% in NATO spending. In a joint news conference with NATO chief Mark Rutte, Pete Hegseth recalled US President Donald Trump’s call, stating, “The president has sa…