The continent’s leaders hope a surge of investment, to fill a security void left by the United States, can ignite growth. It ...

Global military spending reached a record high of $2.44 trillion in 2023, having grown 6.8% compared to the year before. According to the Stockholm International Peace Research Institute (SIPRI ...

Countries across the world are “bolstering military strength in response to a deteriorating security environment”, said Dr Nan Tian, senior researcher with Sipri’s Military Expenditure and ...

With a budget up 105%, the Democratic Republic of the Congo stood out as the country with the single largest increase in military spending in 2023 by percentage. Researchers attributed this to the ...

The International Institute for Strategic Studies' recent study found that Russia's 2024 military expenditure of $462 billion is increasing and roughly equals that of European countries combined ...

Berlin — In a landmark shift, Germany is set to embark on its most ambitious defense spending initiative ... for an enormous boost to the country's military budget, signaling a dramatic ...

Worldwide military spending, when estimated on the basis of unweighted country averages, has declined by nearly half, from 3.6 percent of GDP during the Cold War period (1970–90) to 1.9 percent of GDP ...

The German chancellor-in-waiting, Friedrich Merz, has won a vote in parliament to allow a huge increase in state borrowing that is set to super-charge the country’s military spending. The ...

By Jim Tankersley Reporting from Berlin Ever since the Berlin Wall fell and the country reunited, Germans could be expected to keep budget deficits relatively low, military spending even lower ...

The 27 leaders signed off on a move to loosen budget restrictions so that willing EU countries can increase their military spending. They also urged the European Commission to seek new ways “to ...

European Union leadership announced a plan Tuesday to shore up the continent's collective defense by significantly boosting military spending ... would allow European countries to access the ...

“For a lot of European countries, it's really about how to beef up all aspects of defense,” he said. “The higher military spending is a sign of deterrence to Russia.” While actual spending ...