World Economic Forum in Switzerland, Mark Rutte said that the alliance urgently needs to increase its defense spending. The news comes after concerns from NATO countri

Transatlantic military alliance chief echoes Ukrainian leader Volodymyr Zelenskyy in stinging remarks at the World Economic Forum.

NATO Secretary-General Mark Rutte warned that restoring the alliance's credibility after a Russian victory in Ukraine could require trillions of dollars.

North Atlantic Treaty Organization Secretary General Mark Rutte discusses the alliance's defense spending goals and what the new Donald Trump administration could mean for global security. He also discusses the conflict between Russia and Ukraine and the need to reach "a good deal.

NATO Secretary-General Mark Rutte has warned that a Russian victory over Ukraine would undermine the dissuasive force of the world's biggest military alliance and could cost trillions of dollars to restore the organization's credibility.

The announcement by US President Donald Trump that the USA will withdraw from WHO1 will leave both a large financial gap and a political power vacuum in global health. The disruption endangers human lives worldwide because it is not only about leaving a bureaucratic apparatus—as WHO opponents like to portray the UN agency2—but it is also about an organisation that implements concrete health programmes with many partners at country level worldwide,

The NATO secretary general said the alliance needs to urgently step up development and production.

The U.S. spends around 3 percent of economic output on defense{beacon} Defense &National Security Defense &National Security   The Big Story

Welcome to CNBC’s live blog covering all the latest news, views and action on day 3 of the World Economic Forum in Davos, Switzerland.

Leading business and political figures attending the World Economic Forum meeting in Davos, Switzerland, have discussed and debated topics such as technology, tariffs, climate change, Ukraine, Gaza and the global economy this week.

Our task is to ensure Ukraine has the best possible position in the negotiations, says NATO Secretary General in Davos during the 55th annual meeting of the World Economic Forum.

U.S. President Trump is to speak to an international audience for the first time after returning into the White House with a speech and Q&A by video conference to the World Economic Forum's annual event in Davos on Thursday.