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Global Markets Tumble as Iran War Intensifies

Stocks and bonds slumped as investors retrenched from the uncertain and unpredictable effects that the fighting could have on the world economy.
HomeWorldGermany Has Ratcheted Up Defense Spending. In Europe, That Worries Some People.

Germany Has Ratcheted Up Defense Spending. In Europe, That Worries Some People.

Soon the country’s armed forces budget could exceed those of Britain and France combined. In Paris, there are concerns that European “strategic autonomy” will have a German accent.