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Sweden to boost defense spending to Nato target

Bloomberg Sweden’s government wants to boost defense spending to meet the target that the Nato defense alliance has set for its members, as the largest Nordic nation seeks to strengthen its ability to defend itself after Russia’s attack on Ukraine. The country, which currently spends about 1.3% of gross domestic product on its military, wants to reach the level of ...

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Major Ukrainian food exporter flips to feed a nation at war

  Bloomberg Ukrainian food conglomerate MHP SE built its business exporting grains and poultry to Europe, the Middle East and North Africa. War forced a pivot, and now the company supplies the Ukrainian army and delivers ready-to-eat chicken to civilians in bombed-out cities. The shift shows how quickly Ukraine’s farming industry—a global heavyweight —flipped from feeding the world to feeding ...

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US slams China for pushing Russia’s ‘preposterous’ lab theory

Bloomberg Washington criticized China and Russia for promoting a conspiracy theory that the US military runs biolabs in Ukraine, escalating a dispute over attempts at misleading the public over the war in Europe. “We took note of Russia’s false claims about alleged US biological weapons labs and chemical weapons development in Ukraine,” White House Press Secretary Jen Psaki said in ...

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