Add Yahoo as a preferred source to see more of our stories on Google. Russia's defense spending has hit record highs, but it's struggling with military modernization. Sanctions and war demands are ...

About half of the country’s federal budget goes toward the fight in Ukraine, money that does little to support its long-term development.

Thus far, the UK has provided Ukraine with a $3 billion (£2.26 billion) loan through the Extraordinary Revenue Acceleration fund—using the interest from confiscated Russian assets. In the past 50 days ...

In 1997 David Bowie once again startled the world with his creativity, this time in the unlikely realm of financial engineering. The rock icon convinced Wall Street types to fork out $55m, in exchange ...

When Russian armored columns rolled into Ukraine in February 2022, Moscow’s confidence was so high, troops packed ceremonial parade kits instead of combat supplies. Instead, Ukrainian units picked ...

Russia's defense spending has hit record highs, but it's struggling with military modernization. Sanctions and war demands are hindering the country's tech procurement and military innovation.

Russia is spending record amounts on defense. But it's falling behind in building the advanced, modern military it needs for future wars, according to a new report. Russia's full-scale invasion of ...