World

Germany will not reach defence spending target of 3.5% in 2029

Nov 20, 2025

Berlin [Germany], November 20: Germany will not hit its own 3.5% defence spending target in 2029, Defence Minister Boris Pistorius said, as the country ramps up spending in the wake of Russia's war with Ukraine.
Germany's defence spending will only be 3.05% of gross domestic product that year, Pistorius said in Munich.
That is less than the 3.5% pledged by Finance Minister Lars Klingbeil earlier this year.
A NATO summit in The Hague this year agreed that allies will reach a new spending target of 5% of GDP by 2035. The target is made up of 3.5% in the defence budget, and another 1.5% of defence-related spending.
Source: Fijian Broadcasting Cooperation

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Movado revisits its watchmaking heritage with the Heritage Tempo-Matic collection

New Delhi [India], October 21: Movado introduces the Heritage Tempo-Matic collection, revisiting a distinctive chapter in the brand’s watchmaking history through a contemporary interpretation of its archival design language. First introduced in the midcentury, the original Tempo-Matic was Movado’s first collection to feature automatic movements and was distinguished by its diverse range of silhouettes. The Heritage Tempo-Matic draws inspiration from the TV shaped cases that defined one of the most expressive periods in the brand’s design archives: the 1970s.

Oct 21, 2026