After decades of under spending on the military, Berlin now wants to ramp up its defence capabilities, realising Europe can no longer count on the United States to provide securit

Germany has preached fiscal conservatism for years, but suddenly it’s taking the lead on pushing for European Union reforms aimed at freeing up more money for defense spending over the long term. A German envoy to the bloc has urged the bloc to change its budget rules in the face of geopolitical circumstances,

London-listed giants Rolls-Royce and BAE Systems saw their share prices hit fresh record highs as the defence sector extended its gains.