Connect with us

Hi, what are you looking for?

DOGE0.070.84%SOL19.370.72%BNB287.900.44%USDC1.000.01%AVAX15.990.06%XLM0.080.37%
USDT1.000%XRP0.392.6%BCH121.000.75%DOT5.710.16%ADA0.320.37%LTC85.290.38%
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Economy

Economy

New Zealand defence minister, Andrew Little says military needs more resources amid mounting difficulties.

Creator: Inspire Creator: Inspire
Creator: Inspire Creator: Inspire

New Zealand’s new defense minister, Andrew Little, said Thursday that the military would need significant investment to meet new challenges and regional allies’ expectations.

“I believe when you look at the geostrategic scenario we have in the Pacific at present, I think the longer-term difficulty is that our allies and neighbours will say to us: ‘we demand more,'” Little told Reuters in an interview.

Climate change and weather occurrences will become more frequent. “Then there’s working with partners to present a defensive stance,” he stated.

Little stated that Kurt Campbell, the White House’s Indo-Pacific coordinator, had discussed New Zealand becoming a non-nuclear AUKUS partner this month.

“The US is clearly keen to have New Zealand participating but it’s not a choice I get to take alone,” he added. AUKUS will be one of the long-term defense problems we will address in the coming weeks.

AUKUS would strengthen New Zealand-US ties. Not allies.

Little stated that whatever New Zealand chose on AUKUS, the defense force needed to be ready to engage with Australia.

As it faces regional geopolitics and climate change, New Zealand is reviewing its defense posture, which accounts for 1.5% of GDP. Little anticipates the initial review results in weeks.

Low pay has caused the Defence Force to idle three ships and withdraw its P-3 Orion fleet early due to unprecedented attrition.

Little added that it would have struggled if a second major catastrophe had occurred when the Defence Forces reacted to Cyclone Gabrielle in February.

Little said keeping personnel and enticing ex-Defence Force troops with greater pay was crucial. He didn’t know the military’s budget for this year.

Although New Zealand had made some investments, the government needed to consider more, notably for the navy.


Comment Template

You May Also Like

Business

In the wake of Walmart’s departure as a major stakeholder and a stagnating Chinese e-commerce market, JD.com must persuade investors of its importance. This...

Economy

Friday saw dollar weakness as investors braced for Jackson Hole address by Federal Reserve Chair Jerome Powell, while the yen topped other currencies in...

Politics

  Joe Biden had other plans for his address. Under the current conditions, at least not this year. Tragedies and hardships have left their...

Economy

After a bank official was freed from captivity, activities at Libya’s central bank (CBL) were restored. Musaab Muslamm, chief of the bank’s information technology...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok