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Defense spending pledges face the Trump test

NATO faces a crucial test of its credibility and future viability this week as leaders meet in Turkey, with new European defense spending targets under unprecedented scrutiny from the White House. This week’s summit, beginning Tuesday, will examine whether Europe can turn bigger budgets into military power fast enough to keep President Donald Trump engaged,...
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FMCG Q1 demand stable; companies flag El Nino risk

MUMBAI: Demand for soaps, shampoos, packaged food and other household supplies remained stable in the June quarter despite hike in prices amid a broader inflationary environment driven by the West Asia war, companies said in their quarterly updates.El Nino conditions and its bearing on monsoon rains could, however, weigh on rural consumption going ahead, firms...
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