Thu 3 Sep 2026
FTSE 100 10,765.85 -1.03%Microsoft 496.82 +0.09%NVIDIA 224.41 +7.04%Apple 324.96 +3.67%Google 333.78 -1.57%S&P 500 7,666.60 -0.12%Nasdaq 26,217.83 +0.34%Dow 53,061.95 -0.75%Russell 2000 2,953.17 -1.75%US 10Y Treasury 4.80% +2.65%Euro Stoxx 50 6,371.42 -1.76%DAX 25,917.14 -1.71%AEX-Index 1,102.36 -0.89%Nikkei 225 64,214.48 -3.30%Hang Seng 25,213.31 -1.38%Gold $4,482.00 +1.15%Silver $66.49 +0.40%Brent Crude Oil $95.75 +5.81%Natural Gas $2.99 +1.74%Copper $6.62 +0.36%GBP/USD 1.3499 -0.72%GBP/EUR 1.1625 -0.33%GBP/AUD 1.8791 -0.56%Bitcoin (USD) $77,796 +0.17%Ethereum (USD) $2,402 -0.64%FTSE 100 10,765.85 -1.03%Microsoft 496.82 +0.09%NVIDIA 224.41 +7.04%Apple 324.96 +3.67%Google 333.78 -1.57%S&P 500 7,666.60 -0.12%Nasdaq 26,217.83 +0.34%Dow 53,061.95 -0.75%Russell 2000 2,953.17 -1.75%US 10Y Treasury 4.80% +2.65%Euro Stoxx 50 6,371.42 -1.76%DAX 25,917.14 -1.71%AEX-Index 1,102.36 -0.89%Nikkei 225 64,214.48 -3.30%Hang Seng 25,213.31 -1.38%Gold $4,482.00 +1.15%Silver $66.49 +0.40%Brent Crude Oil $95.75 +5.81%Natural Gas $2.99 +1.74%Copper $6.62 +0.36%GBP/USD 1.3499 -0.72%GBP/EUR 1.1625 -0.33%GBP/AUD 1.8791 -0.56%Bitcoin (USD) $77,796 +0.17%Ethereum (USD) $2,402 -0.64%
Markets
Advertisement
Follow News in 60 on Facebook
UK Weather
London 20°C OvercastBirmingham 17°C OvercastManchester 16°C Light rain showerNewcastle 17°C Patchy rain nearbyBristol 18°C Patchy rain nearbyPembroke 18°C Patchy rain nearbyEdinburgh 14°C OvercastBelfast 15°C OvercastInverness 13°C SunnyPenzance 18°C Patchy rain nearbyHolyhead 16°C OvercastNorwich 20°C Overcast
More Info

Estonian Defence Minister Resigns Amid Arms Procurement Scandal

Advertisement
Follow News in 60 on Facebook

Estonia’s Defence Minister Hanno Pevkur has resigned following revelations about a €70 million arms deal funded by the EU. The deal involved purchasing artillery shells for Ukraine from companies lacking any prior experience in manufacturing such weapons. This scandal raises significant questions about the oversight of military procurement and the political accountability of officials in Estonia.

The controversy stems from a National Audit Office report that highlighted deficiencies in the country’s defence spending and procurement processes. Pevkur’s resignation reflects a growing concern over the management of EU funds intended for military support, particularly as Estonia is now contesting the contracts in the European Court of Arbitration.

This incident is not isolated; it follows a similar resignation in Latvia, indicating a troubling trend in Baltic defence ministries regarding procurement practices. The implications of these scandals could lead to stricter regulations and oversight in military spending across the EU, particularly as the bloc continues to support Ukraine amid ongoing conflict.

As the EU’s European Peace Facility aims to enhance security and stability, the fallout from this scandal may prompt a reevaluation of how military contracts are awarded and monitored, potentially affecting future funding and support mechanisms for Ukraine and other nations in crisis.

Source: Euronews

Read more War news →

News Category: War Tags: arms, defence, estonia, eu, ukraine

Leave a comment

Your email address will not be published. Required fields are marked *