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NATO allies agree to 5% defense spending target — but which countries spend the most on their military already?

Leaders of 32 major European and North American countries met at the NATO summit in the Netherlands on Wednesday and agreed to commit to spending 5% of gross domestic product on defense by 2035, an enormous rise from the previous target of 2%.

Ahead of the meeting, the alliance endorsed Article 5 of its founding treaty in light of rising international tensions.

Now, after making a joint declaration of “ironclad commitment,” the move will help to keep the Western bloc “united in the face of profound security threats and challenges,” with President Trump telling reporters at the summit, “We’re with them all the way.”

Still, the 5% rule might be a bigger change for some allied members than others. NATO recently estimated that Poland, which shares a western border with Ukraine, saw the largest share of its GDP spent on defense last year at 4.12% — up from 1.88% just a decade prior.

In second place was Russian neighbor Estonia (3.43%), while the US, long renowned for its defense budget, clocked in at 3.38% — making it the only NATO member country to actually decrease the share of GDP spent on military operations in the last 10 years, down from 3.71%.

Of course, given the size of the American economy, the US still accounted for ~66% of all NATO defense expenditure in 2024.

Now, after making a joint declaration of “ironclad commitment,” the move will help to keep the Western bloc “united in the face of profound security threats and challenges,” with President Trump telling reporters at the summit, “We’re with them all the way.”

Still, the 5% rule might be a bigger change for some allied members than others. NATO recently estimated that Poland, which shares a western border with Ukraine, saw the largest share of its GDP spent on defense last year at 4.12% — up from 1.88% just a decade prior.

In second place was Russian neighbor Estonia (3.43%), while the US, long renowned for its defense budget, clocked in at 3.38% — making it the only NATO member country to actually decrease the share of GDP spent on military operations in the last 10 years, down from 3.71%.

Of course, given the size of the American economy, the US still accounted for ~66% of all NATO defense expenditure in 2024.

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Starbucks sells control of China business for $4 billion

Starbucks disclosed on Monday evening in a regulatory filing that it will sell control of its ailing China business to Boyu Capital for about $4 billion.

Under the agreement, Boyu will own a 60% stake in the China segment, which will become a joint venture between Boyu and Starbucks. The coffee chain will retain a 40% interest in the entity and will continue to own and license the brand and intellectual property.

Bloomberg reported earlier this year that the company was looking to sell its China segment. The American coffee giant has struggled to succeed in China, its second-largest market after the US.

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John Wayne Airport in Orange County tops the list of North America’s favorite airports

Despite a record year of passenger numbers, flight cancellations, and delays, a new survey has revealed that flyers have been increasingly satisfied about their experiences in North American airports. 

According to this year’s North America Airport Satisfaction Study from data analysts at J.D. Power, overall passenger satisfaction scores were up 10 points (on a 1,000-point scale), largely from “improvements in food, beverage and retail and ease of travel through the airport.” The annual survey measures overall traveler satisfaction across the region’s airports in seven categories (in order of importance): ease of travel, level of trust, terminal facilities, airport staff, airport departure experience, food and retail, and airport arrival experience.

Here are the regions favorites:

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