Worldwide military spending surged by 9 percent year on year in 2023 to hit a record $2.2 trillion as multiple conflicts ratcheted up global insecurity, according to a new report by the ...

STOCKHOLM, April 22. /TASS/. Global military spending reached an all-time high of $2.443 trillion in 2023, in the biggest yearly increase since 2009, the Stockholm International Peace Research ...

When U.S. inflation-adjusted military spending fell by one-third in the 1990s, the U.S. share of global military spending only fell by six percentage points because other countries, particularly ...

To assert themselves as powerful players on the world stage, countries are fiercely competing to strengthen their military ...

With an allocation of $59 billion, India remains among the top five military spenders globally, but the spending structure is ...

Defense leaders in Manila are beefing up the country's defenses as China asserts itself over disputed claims in the South ...

Military production does not help long-term economic growth, Italy's central bank governor Fabio Panetta said on Thursday, as ...

Trump's plan to slash the Pentagon's budget as part of a broader cost-cutting effort, led by Elon Musk, is sparking debate ...

Credit: Novaspace Join our newsletter to get the latest military space news every Tuesday by veteran defense journalist Sandra Erwin. WASHINGTON — Global government space spending hit a record $ ...

As the Union Budget 2025 is approaching, the spotlight is on India's defence budget. Amid escalating global tensions and regional instabilities, the case for enhanced military spending has never been ...