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South Korean Ruling Recognizes Contractors as De Facto Employers
BusinessKorea Herald4d ago

South Korean Ruling Recognizes Contractors as De Facto Employers

South Korean labor groups have welcomed a landmark ruling by a regional labor relations commission that recognizes contractors' obligation to negotiate with subcontracted workers. This decision is expected to accelerate similar union demands across various industries.

Marco Rubio Criticizes NATO Allies, Threatens Reassessment Over Limited Iran War Support
WorldReutersBBCbloomberg+58NYTwsjFTle-mondewapoThe GuardianNPRAl Jazeera+50 more6d ago61 sources

Marco Rubio Criticizes NATO Allies, Threatens Reassessment Over Limited Iran War Support

US Secretary of State Marco Rubio has sharply criticized Spain and other European NATO allies for their limited support in the war with Iran, calling their alleged lack of assistance 'very disappointing' and suggesting Washington might reassess its relationship with the alliance after the conflict concludes, questioning the benefits of the alliance for the US.

US Judge Blocks Pentagon's Attempt to Blacklist AI Firm Anthropic
TechnologyAPReutersBBC+39bloombergNYTwsjFTle-mondewapoThe GuardianNPR+31 more10d ago42 sources

US Judge Blocks Pentagon's Attempt to Blacklist AI Firm Anthropic

A federal judge has rejected the Pentagon's attempt to immediately enforce a ban on AI company Anthropic's tools, reinforcing an earlier temporary block and preventing the government from crippling Anthropic's operations.

Meath Couple's Lawyer Denies Threats to Demolition Workers
Worldrte-news14d ago

Meath Couple's Lawyer Denies Threats to Demolition Workers

A lawyer representing a couple involved in a legal dispute over their home, which was built without planning permission in Co Meath, has stated that they are not connected to allegations of threats made against sub-contractors carrying out demolition work.

European markets mixed as Middle East tensions persist
Businesswsjtvn24hindu+15observadorTimes of Indiahindustan-timesindian-expressdanasDawnKorea Heraldnaftemporiki+7 more20d ago18 sources

European markets mixed as Middle East tensions persist

European markets are showing mixed performance as persistent tensions in the Middle East continue to influence investor sentiment.

Umahi commends indigenous contractors, inspects Ndibe bridge linking Ebonyi and Cross River
Politicsvanguard-ng22d ago

Umahi commends indigenous contractors, inspects Ndibe bridge linking Ebonyi and Cross River

By Jeff Agbodo, Abakaliki The Minister of Works, David Umahi, has commended indigenous contractors handling federal highway projects for the pace and quality of work, describing their performance as proof of Nigeria’s growing local engineering capacity. Umahi made the remarks during an inspection of ongoing construction along a section of the Calabar corridor of the […] The post Umahi commends indigenous contractors, inspects Ndibe bridge linking Ebonyi and Cross River appeared first on Vangu...

Gov’t raises P102.47M  from sale of Discaya vehicles 
Politicsinquirer27d ago

Gov’t raises P102.47M  from sale of Discaya vehicles 

The government has raised over P100 million from the public auctions of luxury vehicles seized in the high-profile smuggling case involving private contractors Pacifico Discaya II and his wife, Sarah. The proceeds, which will be used to fund infrastructure and social service projects, were turned over to the Bureau of the Treasury (BTr) by the

US contractors in Kuwait decry meager bunkers and pay cuts amid Iran war: ‘We’re treated as expendable’
WorldThe Guardian1mo ago

US contractors in Kuwait decry meager bunkers and pay cuts amid Iran war: ‘We’re treated as expendable’

Employees say they have heard little from major defense contractor V2X Inc about safety and evacuation protocols Employees of major defense contractor V2X Inc on US military bases in Kuwait say they lack adequate bunker facilities and have had their pay reduced amid Iranian missile attacks across the Persian Gulf region, while receiving limited communication from their employer about safety and evacuation procedures. The Guardian interviewed three V2X employees on the US bases Camp Arifjan a...

Nvidia CEO Jensen Huang backs Pentagon's right to use AI in Anthropic row
TechnologyReutersbloombergcnbc+7fazder-standardorfTimes of Indiaindian-expresschannel-news-asianational-uae1mo ago10 sources

Nvidia CEO Jensen Huang backs Pentagon's right to use AI in Anthropic row

The US Defense Department has given AI firm Anthropic a deadline to ease usage restrictions on its models, threatening a $200 million contract loss. Anthropic, citing concerns over autonomous weapons and surveillance, has resisted. Nvidia CEO Jensen Huang acknowledged both sides have valid points, suggesting the dispute, while significant, isn't catastrophic for either party.

Court hears recording of Diezani Alison-Madueke’s heated exchanges with oil contractors who bribed her
PoliticsPremium Times1mo ago

Court hears recording of Diezani Alison-Madueke’s heated exchanges with oil contractors who bribed her

The alleged recordings were found in a Samsung phone, which was seized from the former minister when she was arrested in London in 2015.The alleged recordings were found in a Samsung phone, which was seized from the former minister when she was arrested in London in 2015. The post Court hears recording of Diezani Alison-Madueke’s heated exchanges with oil contractors who bribed her appeared first on Premium Times Nigeria.

Reps summon REA contractors over energising education projects
Politicsvanguard-ng1mo ago

Reps summon REA contractors over energising education projects

The House of Representatives has summoned contractors handling renewable energy projects under the Rural Electrification Agency (REA)’s Energising Education Programme (EEP) Phases I–III, as part of an ongoing probe into the implementation of green energy initiatives across federal institutions. The post Reps summon REA contractors over energising education projects appeared first on Vanguard News.

Trillion Peso March organizer still hopeful despite ‘protest fatigue’
Politicsinquirer1mo ago

Trillion Peso March organizer still hopeful despite ‘protest fatigue’

MANILA, Philippines — The organizer of the Trillion Peso March remained optimistic amid the perceived “protest fatigue” following massive demonstrations against the multibillion-peso corruption scandal involving flood control projects. Massive protests erupted last year after revelations that several flood control projects were either overpriced or non-existent due to the alleged collusion of lawmakers, private contractors,

‘The anxieties just lift’: why domestic abuse refuges are turning to female tradespeople
HealthThe Guardian1mo ago

‘The anxieties just lift’: why domestic abuse refuges are turning to female tradespeople

With construction overwhelmingly male, Refuge says tradeswomen help survivors of abuse feel safer One of the main challenges in maintaining the 64 homes for domestic abuse survivors run by Refuge is the reliance on a male-dominated workforce of electricians, plumbers and decorators. “The presence of men can be distressing and could trigger past traumas for our survivors,” said Lisa Cantwell-Hope, the head of property services at the charity. “Male contractors need an escort to make our surviv...

BPP records N1.1 trillion savings from procurement reforms in 2025 – DG
PoliticsRapplerPremium Times1mo ago2 sources

BPP records N1.1 trillion savings from procurement reforms in 2025 – DG

The bureau also reported reduced contract approval timelines, additional cost savings, and tougher sanctions imposed on erring contractors and non-compliant government officials. The post BPP records N1.1 trillion savings from procurement reforms in 2025 – DG appeared first on Premium Times Nigeria.

The shutdown of USAID and the deeper crisis behind it
PoliticsDawn1mo ago

The shutdown of USAID and the deeper crisis behind it

“Why did you start driving inDrive?” It’s my go-to icebreaker with drivers in Pakistan. Lately, the answers have been unsettlingly similar. “I used to work in the development sector,” one man told me. “Then I lost my job.” I’ve heard that line — or a version of it — too many times to dismiss as coincidence. Since the United States pulled the plug on its aid apparatus, the fallout has been immediate. On the surface, the shutdown of USAID is being framed as just another abrupt policy reversal — a bureaucratic casualty in an era of disruption. But look closer, and it reveals something far more profound: the cumulative weight of domestic and international tensions that have been simmering, both within and beyond the US for decades. Cycles of aid, cycles of distrust The first source of strain lies beyond US borders. From its inception as a Cold War instrument, American foreign aid has been shaped by an enduring tension between its declared objectives of development and altruism and its underlying strategic and political calculations. This duality has long been apparent to the recipient elites and the broader public alike. During the Cold War, many governments acquiesced, in part because Western donors faced little competition and alternative sources of assistance were scarce. That landscape has since changed. As non-traditional donors, most notably China and the Gulf states, have expanded their presence, and as domestic political incentives within recipient countries have shifted, scepticism toward USAID has become more explicit and politically salient. In countries such as Pakistan, where mistrust of American intentions runs deep, US assistance is often perceived less as generosity than as intrusion. What is now framed as a backlash against American aid is better understood as the culmination of a long-simmering tension and a legacy of mutual misperceptions between donor and recipient. Pakistan’s experience with US foreign aid agency illustrates this dynamic with particular clarity. American assistance to Pakistan has never been linear or predictable; instead, it has unfolded in cycles closely attuned to Washington’s shifting strategic priorities. During the Cold War, aid was channelled primarily through a security-alliance framework aimed at containing the Soviet bloc, with economic assistance tightly coupled to military cooperation. These flows declined sharply after the 1965 war, reinforcing perceptions of US aid as conditional, transactional, and reversible. Another peak in this equation followed in the 1980s, when General Ziaul Haq aligned Pakistan with the US in opposing Soviet expansion in Afghanistan. Yet with the collapse of the Soviet Union, and the subsequent imposition of US sanctions on Pakistan’s nuclear programme under the Pressler Amendment, assistance once again contracted. It was only after 9/11 that the aid surged anew, this time framed around counterterrorism and stabilisation. Even at its height, however, much of this assistance remained shaped by security imperatives, short funding horizons, and heavy reliance on contractors, rather than long-term institution-building. For many Pakistanis, therefore, the shutdown of USAID feels less like an abrupt rupture than the latest turn in a familiar cycle of engagement and disengagement. The second factor is bureaucratic pathologisation. Like many large organisations, aid agencies are susceptible to institutional dysfunction, and USAID has been no exception. In practice, particularly in contexts such as Pakistan, as commissioner on the Afghanistan War Commission Andrew Wilder has noted, its programmes increasingly came to be structured through a security lens rather than a development one. Key decisions were made in Washington, filtered through multiple layers of contractors, and ultimately deployed on the ground with limited scope for local input. At the same time, bureaucratic incentives privileged projects with easily quantifiable indicators, favouring what could be measured over what was substantively effective. These patterns were neither accidental nor new, nor are they unique to the US. Over time, however, they eroded both the legitimacy and the perceived effectiveness of USAID, among recipients abroad and critics at home. These institutional dynamics had tangible consequences on the ground. In Pakistan, USAID funding became heavily concentrated in sectors aligned with stabilisation and security objectives — such as service delivery in so-called “fragile” districts or rapid-impact infrastructure — often at the expense of slower, politically unglamorous investments in local institutional capacity. NGOs and development professionals structured entire career paths around USAID project cycles, only to see those opportunities vanish when priorities shifted or funding was abruptly frozen. The result was a hollowing out of local expertise and institutional memory. When aid was withdrawn, it left behind far fewer durable institutions than its scale and visibility might have led one to expect. The mismatch between stated development objectives and the underlying security logic was further compounded by an overreliance on quantifiable metrics to demonstrate impact. This tendency was reinforced by a development ecosystem shaped by the overproduction of economists and political scientists trained as methodological specialists rather than regional experts. Programmes designed in Washington often prioritised what could be easily counted — number of schools built, clinics refurbished, trainings delivered, or kilometres of roads completed — over whether such interventions meaningfully strengthened local institutions. In Pakistan, this logic was especially evident in sectors such as education, health, and local governance, where projects were assessed primarily through output indicators rather than sustainability or local ownership. Multiple layers of contractors further diluted accountability and blurred responsibility once funding cycles ended. Over time, this produced a paradox: USAID became both omnipresent and poorly understood — associated with large budgets and extensive reporting, but yielding limited and uneven institutional impact. That credibility gap left the agency especially exposed when domestic political support in the US began to erode. The third major factor behind the dismantling of the aid lies in the domestic backlash within the US against international cooperation. Opposition to foreign aid, multilateralism, and international institutions long predates Donald Trump, reflecting decades of polarisation over globalisation and America’s role in the world. By the time Trump entered office, hostility toward international engagement was already deeply embedded in US politics. In this context, shuttering a highly visible aid agency became a potent domestic signal; it becomes a way to demonstrate responsiveness to voters who view global commitments as costly, wasteful, or illegitimate. Dismantling USAID was therefore less a recalibration of foreign policy than an act of domestic political theatre. The US government’s official justification for shutting down USAID frames the move as a response to “China’s exploitative aid model” and a means of advancing American “strategic interests in key regions around the world”. It is true that China has dramatically expanded its development footprint and largely operates outside the traditional Western aid framework. But that explanation doesn’t hold up to deeper scrutiny. If Washington were genuinely seeking to compete with Beijing in the development arena, the more coherent response would have been reform and reinvestment, not withdrawal. Moreover, Chinese and US aid are not direct substitutes. They target different sectors, rely on distinct instruments, and frequently operate alongside one another in the same countries — Pakistan among them — without displacing each other. In Pakistan, Chinese assistance has concentrated on large-scale infrastructure and energy projects, while USAID has focused primarily on education and health. Chinese aid typically flows through bilateral, government-to-government channels, whereas US assistance has often bypassed the Pakistani state, working instead through NGOs and contractors. China’s rise may well be sharpening anxieties in Washington, but it does not, on its own, explain why the US would choose to erode its own institutional capacity in response. A looming domino effect The shutdown of USAID, then, should not be understood as a one-off policy blunder or an idiosyncratic choice tied to a single administration. Rather, it reflects the convergence of long-accumulating tensions: between the professed ideals and strategic deployment of aid abroad; between development objectives and bureaucratic practices within aid agencies; between international commitments and domestic political incentives at home. USAID’s collapse is best understood not as the cause of these pressures, but as their most visible manifestation. The consequences of this decision extend well beyond the fate of a single agency. They reveal the fragility of the broader international aid regime, which ultimately depends on the willingness of a small number of leading powers to absorb the political and financial costs of institutionalised cooperation. When that willingness erodes, institutions lose both credibility and purpose and eventually collapse. Signs of this erosion are already evident, as other major donors, including the United Kingdom and Germany, begin to scale back their own aid commitments. What is at stake, then, is not merely the dismantling of USAID, but the gradual unravelling of an international aid regime built on mutual trust and a sustained commitment to lifting the world’s poorest out of poverty.

Government Withdraws Fuel Subsidies, Leading to Price Hikes
Financehindustan-timesDawnexpress-tribune4d ago3 sources

Government Withdraws Fuel Subsidies, Leading to Price Hikes

A government has announced the withdrawal of blanket fuel subsidies, causing petrol prices to rise by Rs137 to Rs458 per litre and diesel by Rs184 to Rs520. The move also includes an increase in petroleum levy on petrol and a cap on biker subsidies.

Hong Kong Proposes Blanket Smoking Ban on Construction Sites
BusinessSCMPobservadorhk-free-press13d ago3 sources

Hong Kong Proposes Blanket Smoking Ban on Construction Sites

The Hong Kong government has unveiled a proposal for a blanket smoking ban on construction sites, seeking to impose substantial fines and possible jail time for workers and contractors, following commitments from contractors to implement such a ban.

South Korea seeks to phase out school uniforms
WorldKorea Herald1mo ago

South Korea seeks to phase out school uniforms

South Korea is moving to phase out traditional formal school uniforms, amid growing concerns over high costs. The Education Ministry said Thursday it will conduct a nationwide survey of middle and high school uniform prices and push to replace formal-style uniforms with more practical attire. The ministry plans to inspect about 5,700 middle and high schools through March 16. Officials will review uniform prices, bidding methods, selected contractors and contract amounts to assess whether prices

Senate urges FG to revert to old contractor payment system, replace envelope budgeting
Politicsvanguard-ng1mo ago

Senate urges FG to revert to old contractor payment system, replace envelope budgeting

By Henry Umoru, Abuja The Nigerian Senate has directed the Federal Government to return to the old payment system for contractors, citing delays and unpaid obligations under the current centralized system that have left many contractors owed for projects executed in 2024 and 2025. The Upper Chamber also called for the replacement of the Envelope […] The post Senate urges FG to revert to old contractor payment system, replace envelope budgeting appeared first on Vanguard News.

FCC Upholds KP Sales Tax on Construction Services
PoliticsDawn1mo ago

FCC Upholds KP Sales Tax on Construction Services

The FCC has upheld the Khyber Pakhtunkhwa (KP) sales tax on construction services, ruling that the provincial levy aligns with the constitutional division of powers and validating the 2% tax on contractors, developers, and infrastructure projects.

Just When You Thought Obama's Tower Of Doom Couldn't Get Any More Ugly...
Politicszerohedge1mo ago

Just When You Thought Obama's Tower Of Doom Couldn't Get Any More Ugly...

Just When You Thought Obama's Tower Of Doom Couldn't Get Any More Ugly... Authored by Steve Watson via Modernity.news, Barack Obama’s infamous Presidential Center in Chicago, already slammed as a dystopian “prison-like” monstrosity, has just received a bizarre new update that’s ignited widespread mockery online. The addition of disjointed words from one of Obama’s speeches has been dubbed “headache-inducing,” amplifying the backlash against this $830 million behemoth that’s overrun budgets, displaced locals, and turned a public park into a narcissistic shrine. As construction drags on toward a June 2026 opening, the former president’s ego-driven tweaks have only fueled the fire, with X users unleashing savage roasts and memes comparing the structure to everything from a Soviet-era bunker to a “concrete porta potty.” The latest fiasco stems from Obama’s decision to etch excerpts from his 2015 Selma speech onto the building’s facade. But instead of inspiring awe, the disjointed lettering has sparked hilarity and disgust. They somehow managed to make the Obama presidential library even uglier. My gosh. ? pic.twitter.com/lmZnyJ4FSs February 17, 2026 One X user highlighted how the words appear chopped and unreadable, calling it a “headache-inducing” mess that perfectly encapsulates the project’s overall failure. I's indistinguishable from L's and T's. E's indistinguishable from F's. Multiple words get disjointed–not just on one plane but two. pic.twitter.com/hohr6Whusy February 17, 2026 what don’t you understand about YOU ARE AMERICA https://t.co/kmHawlABHO February 16, 2026 Fixed it for Obama. pic.twitter.com/BJU5eA6vIx February 18, 2026 This is what the text should read… pic.twitter.com/YaZ2iSJQuY February 18, 2026 pic.twitter.com/N60Kwjw9Q5 February 18, 2026 As we previously reported, the Obama Presidential Center has ballooned to nearly $1 billion in costs, resembling a “Tower of Doom” that’s sucking the life out of Chicago’s South Side. Locals have decried it as a “totalitarian command center dropped straight out of 1984,” with property values skyrocketing and forcing out longtime residents. Alderwoman Jeanette Taylor warned that such developments “displace the very people they say they want to improve it for,” as rents for two-bedroom apartments jumped from $800 to over $1,800 per month. The project’s DEI-focused hiring of diverse contractors has backfired spectacularly, leading to lawsuits over “racial discrimination” and claims of poor performance, proving once again that woke policies lead to broke outcomes. President Trump didn’t hold back when mocking the stalled eyesore. “He needs help,” Trump quipped, noting how the library-museum hybrid is “not too pretty” and has “run out of money” despite Obama’s insistence on DEI builders. Trump contrasted this with his own push for classical architecture, like the grand Arch near Arlington Memorial Bridge, symbolizing a return to American greatness. The center’s foundation is now scrambling with only $116 million in reserves against $230 million in remaining costs, not including staff salaries. Scheduled tours have started, but critics question who’d visit this overpriced ode to Obama’s ego amid Chicago’s economic woes. Obama’s defenders claim it’ll be an “economic catalyst” for the black community, but the reality is displacement and fiscal chaos. This project exemplifies the hypocrisy of elite liberals: preaching equity while building vast ego towers that burden the working class. In the end, as Trump restores beauty and dignity to American landmarks, Obama’s legacy crumbles under the weight of its own pretension— a fitting monument to an era of division and decline. Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch. Follow us on X @ModernityNews. Tyler Durden Thu, 02/19/2026 - 15:40

Trump Extends Iran Strike Pause Until April 6; Global Markets React
WorldAPReutersBBC+57bloombergNYTwsjFTThe GuardianNPRAl JazeeraCNN+49 more11d ago60 sources

Trump Extends Iran Strike Pause Until April 6; Global Markets React

US President Donald Trump has extended the pause on military strikes against Iran's energy infrastructure until April 6, citing positive negotiation progress. This decision, amid renewed Mideast tensions, has caused global markets to react, with oil prices falling and Seoul and Tokyo stocks opening sharply lower.

Middle East Conflict Fuels Global Energy Crisis, Inflation, and Market Volatility
BusinessReutersBBCbloomberg+64NYTwsjFTThe GuardianAl JazeeraFox Newsyle-uutisetcnbc+56 more11d ago67 sources

Middle East Conflict Fuels Global Energy Crisis, Inflation, and Market Volatility

The Middle East conflict continues to drive global economic concerns, with Europe bracing for a supply crunch and price shock, Euro zone consumers turning gloomier, and developing Asia and Pacific facing potential inflation hikes. European shares and global stocks and bonds have slid as the crisis pushes oil prices above $105, exacerbating a war-fuelled energy crisis felt across various sectors and regions.

Pentagon Orders More Missiles to Replenish Middle East War Stockpiles
PoliticsmorgunbladidBusiness Insiderdelfi-lt+3index-hrJakarta Postvanguard-ng12d ago6 sources

Pentagon Orders More Missiles to Replenish Middle East War Stockpiles

The US Department of Defense announced three contracts with defense contractors to increase missile production and other parts, aiming to replenish dwindling supplies used in the Middle East conflict, with The Jakarta Post also reporting on the Pentagon's order for more missiles.

Over half of workers report abuse by principal contractors: survey
BusinessKorea Herald23d ago

Over half of workers report abuse by principal contractors: survey

More than half of workers in South Korea said they have experienced or witnessed abusive practices by principal contractors, a recent survey showed. According to a study released Sunday by Workplace Gapjil 119, a South Korean civic group advocating for workers’ rights, 55 percent of respondents said they had experienced such practices, including discrimination in wages, leave, work equipment and access to welfare facilities. The survey was conducted among 1,000 workers aged 19 and older between

Waste Of The Day: DEI Contractors Remain In Military's K-12 Schools
Politicszerohedge29d ago

Waste Of The Day: DEI Contractors Remain In Military's K-12 Schools

Waste Of The Day: DEI Contractors Remain In Military's K-12 Schools Authored by Jeremy Portnoy via RealClearInvestigations, Topline: Controversial education firms that helped embed diversity, equity and inclusion principles in K-12 military schools during President Joe Biden’s administration are still working with the Department of Defense Education Activity, or DoDEA, and received a total of $171,175 in 2025. Key facts: Thomas M. Brady, the director of DoDEA from 2014 to 202...

N777bn Abuja-Kano Road: FG, contractors reiterate commitment to April completion date
Businessvanguard-ng1mo ago

N777bn Abuja-Kano Road: FG, contractors reiterate commitment to April completion date

The project, which was initially awarded to Julius Berger Nigeria PLC, was terminated owing to a cost and completion date dispute and re-awarded to Infouest under a fresh contract involving the use of reinforced concrete pavement instead of asphalt. The post N777bn Abuja-Kano Road: FG, contractors reiterate commitment to April completion date appeared first on Vanguard News.

Strætó CEO Defends Controversial Subsidy Policy for Clean Energy Buses
Environmenticeland-review1mo ago

Strætó CEO Defends Controversial Subsidy Policy for Clean Energy Buses

The CEO of Strætó, the transport service provider for the Reykjavik and the capital region, has defended the company’s requirement that contractors pass on a significant portion of government subsidies for “clean energy buses.” According to Morgunblaðið, Strætó has already received 72 million krónur from contractors involved in public transport services. What’s This Story? Strætó […] The post Strætó CEO Defends Controversial Subsidy Policy for Clean Energy Buses appeared first on Iceland Review.

How Pentagon's 'Friday deadline' may have come hours early for Anthropic
TechnologyNYTFTcnbc+6le-figaroBusiness InsiderYahooTimes of Indiachannel-news-asia20-minuten1mo ago9 sources

How Pentagon's 'Friday deadline' may have come hours early for Anthropic

The US Department of War is scrutinizing AI firm Anthropic. Major defense contractors like Boeing and Lockheed Martin have been asked about their use of Anthropic's Claude AI. This comes as the Pentagon issued an ultimatum to Anthropic regarding its AI model's military applications. Anthropic's refusal to remove safeguards has led to this escalation.

Rise Of Europe's "War Unicorns" As Goldman Maps The Defense-Startup Ecosystem
Businesszerohedge1mo ago

Rise Of Europe's "War Unicorns" As Goldman Maps The Defense-Startup Ecosystem

Rise Of Europe's "War Unicorns" As Goldman Maps The Defense-Startup Ecosystem The "war unicorn" startup boom we pointed out the other week isn't just an American story. It's happening across the West, as defense startups built around dual-use technology could become the next hot bubble. Goldman analysts, led by Sam Burgess, told clients on Tuesday that European defense is seeing a "rise of the startups," which could reshape an industry long dominated by major defense contractors. Burgess said there are more than 380 defense tech startups across Europe, and these companies have raised over $3 billion, heavily focused on dual-use areas like AI analytics, autonomy, sensing, cyber resilience, and next-generation communications. He said these startups are clustered around major innovation hubs in London, Munich, Stockholm, Paris, and Helsinki, backed by early-stage investors and public programs, including the NATO Innovation Fund and the EIF Defense Equity Facility. Here's a visual breakdown of the EU defense startups ecosystem: "Recent conflicts, particularly the war in Ukraine, have underscored the need for rapid technological iteration, multi-domain integration, and a digitally enabled battlefield," Burgess said. Burgess' note is exactly on point and follows our view of the rise of war unicorn startups as big defense primes face an "adapt or die" moment, as the war in Ukraine and a surge in dual-use technologies (drones, ground bots, and AI kill chains) have pushed Secretary of War Pete Hegseth to recently announce a move to accelerate the fielding of this new technology. Translation: The DoW under Hegseth and the rest of the procurement process are moving away from bloated legacy defense primes toward defense tech startups, creating a boom as we've characterized by the rise of war unicorns like Palmer Luckey's Anduril Industries. The shift away from big defense primes in the DoW's procurement process comes as the war in Ukraine has given military planners and strategists an uncomfortable preview of what conflict in the 2030s could look like. It's not just about expensive stealth jets, bombers, and big, fancy missiles and cannons. It's about ground robots, drones, and consumer-grade products that can easily be weaponized. Professional subscribers can read the full note on Europe's rise of defense startups on our new Marketdesk.ai portal​​​​. Tyler Durden Wed, 02/18/2026 - 05:45