Global military spending is up again, according to SIPRI’s latest report showing the 11th consecutive year of growth.
Military spending in the Asia-Pacific rose at the fastest pace for 16 years in 2025 as US allies felt “growing uncertainty” over whether Washington would honour its security commitments, according to a new report. Total global spending reached US$2.89 trillion, an increase of 2.9 per cent from 2024, the Stockholm International Peace Research Institute (SIPRI) think tank said in its annual report on military expenditure published Monday. That marked the 11th consecutive year of increases and...