Wall Street Wizardry
  • Business
  • World News
  • Politics
  • Investing
  • Business
  • World News
  • Politics
  • Investing

Wall Street Wizardry

World News

Denmark boosts Arctic defense spending by $2 billion after Trump’s Greenland interest

by admin January 28, 2025
January 28, 2025
Denmark boosts Arctic defense spending by $2 billion after Trump’s Greenland interest

Denmark said on Monday it would spend 14.6 billion Danish kroner ($2.05 billion) boosting its military capabilities in the Arctic – a decision that comes amid continuing furor following US President Donald Trump’s renewed interest in controlling Greenland, a semi-autonomous Danish territory.

The agreement aims to “improve capabilities for surveillance and maintaining sovereignty in the region,” according to a statement from Denmark’s Ministry of Defense.

“At the same time, support to Allies and NATO’s efforts in the Arctic and North Atlantic is essential to strengthening overall security and defense,” the statement added.

As part of the investment package, Denmark will fund three new Arctic naval vessels, two long-range drones with the ability to conduct surveillance over large areas and increased admission to Arctic basic military training.

“We must face the fact that there are serious challenges regarding security and defense in the Arctic and North Atlantic,” Troels Lund Poulsen, Denmark’s minister of defense, said. “For this reason, we must strengthen our presence in the region. That is the objective of this agreement, which paves the way for further initiatives already this year.”

Vivian Motzfeldt, Denmark’s minister of statehood and foreign affairs, added that “Greenland is facing a changing security landscape.”

The announcement comes after the European Union said it was “not negotiating” on the sovereignty of Greenland

Asked if the EU should negotiate the territorial integrity and sovereignty of Denmark, EU’s foreign policy chief Kaja Kallas said: “No, we are not negotiating on Greenland. Of course, we are supporting our member state Denmark and its autonomous region, Greenland.”

‘US shifts to a more transactional approach’

Trump, who took office on January 20, has previously described US control of Greenland as an “absolute necessity.” Both Greenland and Denmark have said previously that the island is not for sale.

The question to Kallas on Monday came after she told a press conference that Europe needed to “close ranks” as the “United States shifts to a more transactional approach” in its foreign relations.

She told the same conference that the US was an “important ally” and that America and Europe were “very much interlinked,” but added that “it’s not like somebody is telling us what to do and we are following” and warned against further speculation over Greenland.

“We shouldn’t also go into speculation about the ‘what ifs,’ because this is not the situation right now,” she said.

Still, US and Danish officials have said they don’t understand the incoming president’s obsession with acquiring Greenland, which Trump has called “an absolute necessity,” particularly because the US already has a decades-old defense agreement with the territory that has allowed the US to build up a significant military presence — including troops and radar systems — on the world’s largest island.

Despite those rebuttals, the debate over Greenland’s future has been stirred up by growing speculation over its independence movement.

In his New Year’s speech, Greenland’s prime minister said the island should break free from “the shackles of colonialism” – though the speech did not mention the United States.

This post appeared first on cnn.com

previous post
Israel’s war inflicted ‘life-threatening danger’ on pregnant women and girls in Gaza, Human Rights Watch says
next post
Climate change is disrupting food systems across Latin America, UN report says

Related Posts

Israeli ministers accuse embattled security agency chief of...

April 16, 2025

American fighters are dying in Ukraine in growing...

January 30, 2025

Hungarian government clamps down on Pride march, citing...

February 28, 2025

Rescuers search for survivors two days after quake...

March 30, 2025

Breathtaking images from the Underwater Photographer of the...

February 21, 2025

4 US Army soldiers go missing during Lithuanian...

March 27, 2025

Oscar-winning director reveals the secret lives of pangolins

April 24, 2025

Four Russian journalists linked to late Kremlin critic...

April 16, 2025

Wanted world leaders cast a wary eye at...

April 6, 2025

France expels 12 Algerian officials in tit-for-tat move...

April 16, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Editors’ Picks

    • 1

      Financial Agreement signed releasing $2M grant

      January 23, 2025
    • 2

      Netflix shares soar as company reports surging revenue, tops 300 million subscribers

      January 23, 2025
    • 3

      US security contractor will take charge of key checkpoint in Gaza as Israeli forces withdraw

      January 25, 2025
    • 4

      Trump re-designates Iranian-backed Houthis as terrorists: ‘Threaten[s] security of American civilians’

      January 23, 2025
    • 5

      Cyclopharm Signs US Agreement with HCA Healthcare for Technegas®

      January 23, 2025
    • 6

      FDA officially authorizes Zyn nicotine pouches for sale following health review

      January 23, 2025
    • 7

      Universal’s ‘Wicked: For Good’ creates a unique marketing challenge

      January 26, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: wallstreetwizardry.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 wallstreetwizardry.com | All Rights Reserved