Monday 15 August 2022
 
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Military Spending

One-tenth of world military spend could end poverty

World military spending rose 1 per cent in 2015, the first annual increase in four years, a Stockholm think tank said on Tuesday as it estimated 10 per cent of this could cover the costs of global goals aiming to end poverty and hunger in 15 yea

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Saudi military spending tops $80 billion in 2014

Saudi Arabia's military spending grew 17 per cent in 2014 to $80.8 billion, data from the Stockholm International Peace Research Institute (SIPRI) showed on Monday, the biggest annual hike by any of the world's top 15 military spenders.

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China boosts defense budget by 11.2 pc

China will increase military spending by 11.2 per cent this year, a spokesman for the nation's parliament said on Sunday, building on a nearly unbroken succession of double-digit rises in the defense budget across two decades.   &nb

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