World

Canada agrees to join EU initiative to surge defense spending

Dec 02, 2025

Ottawa [Canada], December 2: Canada has reached an agreement to join the European Union's Security Action for Europe (SAFE) initiative, which will give Canadian defense companies expanded access to the European market, Prime Minister Mark Carney's office said on Monday.
"Canada's participation in SAFE will fill key capability gaps, expand markets for Canadian suppliers, and attract European defence investment into Canada," Carney said in a statement.
SAFE - a 150-billion-euro rearmament fund announced earlier this year - is part of a major drive to get the European Union ready to defend itself by 2030 amid fears of a Russian attack and doubts about U.S. protection.
Source: Fijian Broadcasting Corporation

More news

Infosys: Differentiated AI strategy and a sharp focus on value unlock propels 29% sequential growth in AI revenues

Bengaluru (Karnataka) [India], October 23: Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in AI-first business consulting and technology services, delivered $5,145 million in Q2 revenues, year on year growth of 1.5% and sequential growth of 1.2% in constant currency. Operating margin was stable at 21.0%. EPS growth was 8.7% year on year in rupee terms. TCV of large deal wins was $5.2 billion, with 62% net new. Robust Q2 large deal TCV at $5.2 billion with 62% net new; lays solid foundation for future growth. FY 27 revenue guidance revised to 1%-2% and margin guidance retained at 20%-22%.

Oct 23, 2026