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Arms firms across Europe worth billions more amid talk of Ukraine defence pact

  • European defence stocks increased significantly on Monday, driven by anticipated higher defence spending in nations like Germany, with the DAX rising around 3% and shares of Thales soaring 15%.
  • British Prime Minister Keir Starmer emphasized that Europe must lead in defence spending while expressing the need for strong US backing during a conference with world leaders.
  • A show of cooperation among leaders at the weekend in London reinforced expectations that military budgets will swell in a new era of collaboration to counter the Russian threat.
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L'AGEFI broke the news in on Monday, March 3, 2025.
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