Global military spending surges amid war, rising tensions and insecurity
According to the Stockholm International Peace Research Institute (SIPRI), total global military expenditure reached $2443 billion in 2023, an increase of 6.8 per cent in real terms from 2022. This was the steepest year-on-year increase since 2009. The 10 largest spenders in 2023 – led by the United States, China and Russia – all increased […]