• Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
Close Search
00
GBAF LogoGBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
GBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on June 24, 2025

    Featured image for article about Headlines

    By Jeff Mason and Sabine Siebold

    THE HAGUE (Reuters) -President Donald Trump cast doubt on Tuesday over the United States' commitment to defending its NATO partners, suggesting there were "numerous" definitions to the cornerstone of the alliance's mutual defence pact.

    Trump was speaking to reporters en route to a NATO summit in the Netherlands, a two-day gathering which is intended to signal to Russian President Vladimir Putin that NATO is united, despite the U.S. president's past criticism, and determined to expand and upgrade its defences to deter any attack from Moscow.

    However, pressed by reporters on Air Force One over whether he remained committed to mutual defence among allies as set out by NATO's Article 5, Trump responded:

    "I'm committed to saving lives. I'm committed to life and safety. And I'm going to give you an exact definition when I get there."

    NATO Secretary General Mark Rutte played down the comments. "I have no doubt that the U.S. is totally committed to NATO, totally committed to Article 5," he told reporters at the summit venue in The Hague.

    NATO'S RUTTE HAILS TRUMP'S 'DECISIVE ACTION IN IRAN'

    Trump also posted a screenshot of a message from Rutte congratulating him on his "decisive action in Iran" and getting all NATO allies to agree to spend more on defence.

    "Europe is going to pay in a BIG way as they should, and it will be your win," Rutte's message read, indicating the effort he has put into keeping on the right side of Trump and ensuring the summit is a success.

    The summit and its final statement will be focused on heeding Trump's call to spend 5% of GDP on defence - a significant jump from the current 2% goal. It is to be achieved both by spending more on military items and by including broader security-related spending in the new target.

    Trump singled out Spain for criticism after Spanish Prime Minister Pedro Sanchez declared Madrid did not need to meet the new spending target.

    TRUMP SET TO MEET ZELENSKIY

    Trump is expected to meet Ukraine's President Volodymyr Zelenskiy for talks during the summit. Zelenskiy has said he wants to discuss substantial purchases of weaponry including Patriot missile defence systems as well as sanctions and other ways to put pressure on Putin.

    Zelenskiy warned European NATO members on Tuesday that they risked being attacked by Russia if it was not defeated in Ukraine.

    "Russia is even planning new military operations on NATO territory – meaning your countries," Zelenskiy told a defence industry event on the sidelines of the summit, hours after Russian missiles killed at least 17 people in southeast Ukraine.

    Zelenskiy said it was essential that Ukraine lead in drone technology, which has shaped the battlefield and developed at breathtaking pace in the 40 months the war has lasted so far.

    RUSSIA CRITICISES NATO'S SPENDING BOOST

    The Kremlin accused NATO of being on a path of rampant militarisation and portraying Russia as a "fiend of hell" in order to justify its big increase in defence spending.

    Russia has cited its neighbour's desire to join the U.S.-led transatlantic defence pact as one of the reasons why it invaded Ukraine in 2022.

    NATO was founded by 12 Western countries in 1949 to resist the threat from the communist Soviet Union.

    Russia denies any plan to attack the alliance, which now boasts 32 members, but Kremlin spokesman Dmitry Peskov said it was "largely a wasted effort" to assure the grouping of this because it was determined to demonise Russia.

    "It is an alliance created for confrontation ... It is not an instrument of peace and stability," he said.

    (Additional reporting by Lili Bayer, Bart Meijer and John Irish in The Hague; Writing by Keith Weir; Editing by Kevin Liffey and Toby Chopra)

    Recommended for you

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe