Nuclear missiles, bombs market to surge 73 per cent by 2030 – report
Reuters The global market for nuclear missiles and bombs should surpass $US126 billion within 10 years, up nearly 73 per cent from 2020 levels, according to a report by Allied Market Research on Monday, as Russian aggression in Ukraine spurs military spending. The value of the market would jump 72.6 per cent from the Portland-based […]
Pope says increased defence spending after Ukraine is “madness”
Vatican CityReuters Pope Francis on Thursday criticised increased defence spending by Western nations following Russia’s invasion of Ukraine as “madness” and said a new way must be found to balance world power. Speaking to a coalition of women’s groups, the Pope said the conflict in Ukraine was a product of “the old logic of power […]
Global military spending rises 2.6 per cent in 2020 despite pandemic hit
Stockholm, SwedenReuters Global military expenditure rose by 2.6 per cent to $US1.98 trillion last year even as some defence funds were reallocated to fight the COVID-19 pandemic, the Stockholm International Peace Research Institute said in a report issued on Monday. The five biggest spenders in 2020, which together accounted for 62 per cent of military […]