World Military Spending
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Trump Slams South Korea Hours Before Summit With New President Lee
US President Donald Trump criticized South Korea just hours before a summit on Monday with its new President, Lee Jae Myung, as conflict over defense spending and trade tests the two countries' decades-old alliance.
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Switzerland Wants To Finalise F-35A Deal With US Despite Spiralling Cost
Switzerland vowed Wednesday to continue its attempts to buy F-35A fighter jets from the United States, despite spiralling expense.
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France's Macron Pledges To Double Military Spending By 2027
President Emmanuel Macron announced a plan to push forward France's defence spending, pledging to double the military budget by 2027 - three years earlier than originally planned.
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Trump Signs 'Big, Beautiful Bill' Into Law. What's Inside
US President Donald Trump signed into law his "One Big Beautiful Bill" at the White House on Friday, "keeping" his campaign promises of extending tax cuts from his first term and boosting military spending.
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World's Biggest Polluter? It's The US Military, Says Shocking Study
The study reveals that the US military is the single largest institutional emitter of greenhouse gases in the world. Researchers suggest that reducing military spending could significantly lower energy use and help combat climate change.
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Putin Says Russia Plans To Cut Military Spending From Next Year
NATO allies on Wednesday agreed to raise their collective spending goal to 5% of gross domestic product in the next 10 years, citing what they called the long-term threat posed by Russia and the need to strengthen civil and military resilience.
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NATO Agrees To Hike Defence Spending By 5%: What It Really Mean?
NATO leaders are set to sign off Wednesday at their Hague summit on a defence spending pledge to satisfy US President Donald Trump's demand for a headline figure of five per cent of GDP.
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Military Spending Soars Globally Amid Rise In Armed Conflicts
New war fronts have emerged across the globe, driving a rapid surge in military spending. In 2024, global military expenditure reached $2.718 trillion, up 9.4 per cent from 2023, marking the largest annual increase since 1988.
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Japan Conducts First Domestic Surface-To-Ship Missile Test
Japan on Wednesday called its first surface-to-ship missile test within its territory necessary training given the current "severe security environment", as it boosts military capacity to counter China.
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Russia Is On 'Brink Of Going Into Recession', Warns Economy Minister
Russia's economy is "on the brink of going into a recession," the country's economy minister said Thursday, according to Russian media reports.
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Guns Over Growth? Pak Hikes Defence Budget By 20%, Slashes Overall Spending
Pakistan, whose overall debt has increased to nearly PKR 76,000 billion (approx USD 270 billion) in the first nine months of the current fiscal year, seems to be prioritising its military spending over development.
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Canada To Pour Extra Billions To Meet NATO's 2% Military Spending Target
Canada's Liberal government will pour extra billions into its armed forces and hit NATO's 2% military spending target this fiscal year, much earlier than scheduled, Prime Minister Mark Carney said on Monday.
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2024 Global Military Spending Hit $2.7 Trillion In Record Surge. Here's Why
Amid changing geopolitical relations, wars and rising tensions, the year 2024 saw the steepest rise in worldwide military expenditure since the end of the Cold War, reaching $2.7 trillion, researchers said Monday.
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China Slams US 'Dogfighting Satellites' Claim As 'Budget-Driven' Ploy
Beijing said the US narrative was an attempt to justify higher military spending and hype the "China, Russia threat theory" narrative.
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Germany's Spending "Bazooka" For Military, Infra Passes Final Hurdle
Germany's upper house of parliament on Friday gave the final seal of approval to a massive spending package to build up the military and overhaul infrastructure.
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Trump Slams South Korea Hours Before Summit With New President Lee
US President Donald Trump criticized South Korea just hours before a summit on Monday with its new President, Lee Jae Myung, as conflict over defense spending and trade tests the two countries' decades-old alliance.
-
Switzerland Wants To Finalise F-35A Deal With US Despite Spiralling Cost
Switzerland vowed Wednesday to continue its attempts to buy F-35A fighter jets from the United States, despite spiralling expense.
-
France's Macron Pledges To Double Military Spending By 2027
President Emmanuel Macron announced a plan to push forward France's defence spending, pledging to double the military budget by 2027 - three years earlier than originally planned.
-
Trump Signs 'Big, Beautiful Bill' Into Law. What's Inside
US President Donald Trump signed into law his "One Big Beautiful Bill" at the White House on Friday, "keeping" his campaign promises of extending tax cuts from his first term and boosting military spending.
-
World's Biggest Polluter? It's The US Military, Says Shocking Study
The study reveals that the US military is the single largest institutional emitter of greenhouse gases in the world. Researchers suggest that reducing military spending could significantly lower energy use and help combat climate change.
-
Putin Says Russia Plans To Cut Military Spending From Next Year
NATO allies on Wednesday agreed to raise their collective spending goal to 5% of gross domestic product in the next 10 years, citing what they called the long-term threat posed by Russia and the need to strengthen civil and military resilience.
-
NATO Agrees To Hike Defence Spending By 5%: What It Really Mean?
NATO leaders are set to sign off Wednesday at their Hague summit on a defence spending pledge to satisfy US President Donald Trump's demand for a headline figure of five per cent of GDP.
-
Military Spending Soars Globally Amid Rise In Armed Conflicts
New war fronts have emerged across the globe, driving a rapid surge in military spending. In 2024, global military expenditure reached $2.718 trillion, up 9.4 per cent from 2023, marking the largest annual increase since 1988.
-
Japan Conducts First Domestic Surface-To-Ship Missile Test
Japan on Wednesday called its first surface-to-ship missile test within its territory necessary training given the current "severe security environment", as it boosts military capacity to counter China.
-
Russia Is On 'Brink Of Going Into Recession', Warns Economy Minister
Russia's economy is "on the brink of going into a recession," the country's economy minister said Thursday, according to Russian media reports.
-
Guns Over Growth? Pak Hikes Defence Budget By 20%, Slashes Overall Spending
Pakistan, whose overall debt has increased to nearly PKR 76,000 billion (approx USD 270 billion) in the first nine months of the current fiscal year, seems to be prioritising its military spending over development.
-
Canada To Pour Extra Billions To Meet NATO's 2% Military Spending Target
Canada's Liberal government will pour extra billions into its armed forces and hit NATO's 2% military spending target this fiscal year, much earlier than scheduled, Prime Minister Mark Carney said on Monday.
-
2024 Global Military Spending Hit $2.7 Trillion In Record Surge. Here's Why
Amid changing geopolitical relations, wars and rising tensions, the year 2024 saw the steepest rise in worldwide military expenditure since the end of the Cold War, reaching $2.7 trillion, researchers said Monday.
-
China Slams US 'Dogfighting Satellites' Claim As 'Budget-Driven' Ploy
Beijing said the US narrative was an attempt to justify higher military spending and hype the "China, Russia threat theory" narrative.
-
Germany's Spending "Bazooka" For Military, Infra Passes Final Hurdle
Germany's upper house of parliament on Friday gave the final seal of approval to a massive spending package to build up the military and overhaul infrastructure.
