Defense Spending Surge in City of London

The City of London is ramping up defense investments amidst escalating threats from Russia. A KPMG survey reveals that nearly two-thirds of financial services bosses anticipate increased military spending next year, with over a quarter predicting a significant jump. This shift comes after years of focusing on ESG investments, as experts like Karim Haji emphasize the importance of national security for financial stability. NATOs Mark Rutte warns of secret attacks by Russia, while Putin claims no plans to fight Europe but is prepared if provoked. Defense tops the bosses priority list, with concerns also growing over private credit and non-bank lenders. Checkout Solipillow.comThe Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.