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US, Philippines Sign New Military Deal Before Trump’s Return
C.Nguyen46 min ago
(Bloomberg) - The US and the Philippines on Monday signed a deal on military information sharing, bolstering ties two months before Donald Trump assumes the presidency. Most Read from Bloomberg In Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited Lift Amtrak Wins $300 Million to Fix Its Unreliable NJ-to-NYC Service A Bug's Eye View of Mexico City's Modernist Architecture NYC Congestion Pricing Plan With $9 Toll to Start in January Zimbabwe City of 700,000 at Risk of Running Dry by Year-End US Defense Secretary Lloyd Austin and his Philippine counterpart Gilberto Teodoro inked the General Security of Military Information Agreement in Manila. The pact allows the sharing of classified defense information between the two countries at a time of growing assertiveness from Beijing over the South China Sea and Taiwan. The agreement also streamlines foreign military sales for certain classified technologies, paving the way for further cooperation on defense equipment between the US and the Philippines. It also lays the groundwork for future security deals. Why Marcos Is Inviting the US Back to the Philippines: QuickTake The defense allies are moving to solidify ties that were strengthened under US President Joe Biden and Philippine leader Ferdinand Marcos Jr., as Trump's return to the White House in January could shake up geopolitical dynamics around the world. Most Read from Bloomberg Businessweek FedEx's CEO Is Charting His Own Path—in the Smith Family's Shadow Political Ads Can't Buy the Presidency CEOs Brace for the Chaos of Another Four Years of Trump Martha Stewart's Empire Monetized More Than Just Domesticity Elon Musk Has a New Project to Run: Trump's Government When Russian tanks rolled into Ukraine in February 2022, the conventional wisdom was that the capital, Kyiv, would soon fall and the rest of the country wouldn't last long against a much larger enemy. Instead, it was that narrative that quickly collapsed. The Ukrainian army proved it could slow the advance of Russia's forces and, if not drive them out completely, then – with enough support from the West – at least forestall defeat. Russia is expending huge amounts of weaponry and human life to make small-but-steady territorial gains to the nearly one-fifth of Ukraine it already controls.
Read the full article:https://www.yahoo.com/news/us-philippines-sign-military-deal-043204454.html
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