Global military spending skyrocketed to an unprecedented $2.718 trillion in 2024, marking a substantial 9.4% real-term increase from 2023. Incredibly, this is the sharpest annual rise since at least ...

Pakistan, Oct. 15 -- U.S. President Donald Trump has threatened to impose trade penalties, including tariffs, on Spain for refusing to increase its defense spending to 5% of GDP. Speaking to reporters ...