How we made it: Glaciers shrinking

Inspired by an excellent video from the European Space Agency, I wanted to show where the world’s glacial regions are and how much ice loss has occurred in each of them since 2000. To make the animation, I downloaded the geographic information system data for the glaciers from the National Snow and Ice Data Center. … Read more

Germany’s debt brake problem

The US and Europe battled in the UN and G7 over whether to blame Russia for its war against Ukraine, German election winner Friedrich Merz faces serious hurdles to boosting defence spending, and Apple said it planned to hire an additional 20,000 staff in the US over the next four years. Plus, US commodities trader … Read more

Time for ESG investors and defence stocks to call a truce

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Friday’s blistering spat in the White House produced one winner. On Monday morning, European defence stocks including Germany’s Rheinmetall, France’s Thales and BAE Systems shot through the roof. Expectations of government spending have pumped up … Read more

US group lobbies Doge to cut military spending by using refurbished parts

A Chicago aerospace company is hoping to capitalise on Doge-inspired cost-cutting fervour and persuade the US military to embrace a seemingly surprising practice: buying used spare parts for its commercial-style planes. For years, AAR, which services aircraft for government and commercial clients, has maintained the military could save billions by buying overhauled parts, also known … Read more

Ukraine to run out of US weapons by summer

The long unthinkable prospect of Ukraine fighting without US weapons, equipment or intelligence looks set to become a reality after the White House on Monday announced it would cut military aid to Kyiv. A senior Ukrainian intelligence official said that Ukraine would probably run out of the last American military supplies in “two or three … Read more