military spending

Indonesia no closer to purchase of Chinese fighter jets: defence minister

The country has been exploring a range of fighter jet options

South Korea's market has widely outperformed the US market year-to-date, returning 21.3 per cent as measured by the Kospi Index (versus 1.1 per cent for the S&P 500 Index).

Mid-year insights: Opportunities amid globalisation’s discontents

With the tide turning decidedly global during the first half of 2025, more nuanced investment strategies may be required

Britain's Prince William speaking to soldiers while visiting British service personnel at the Tapa Army Base, northern Estonia, in March. Unlike social expenditure, defence spending faces little political resistance.
THE BROAD VIEW

Europe can’t rearm its way to security

For the continent, boosting defence spending will crowd out vital investments and sustain Russia’s fossil-fuel revenues

Russian T-72 tanks are seen during military drills in the southern Krasnodar region, Russia, Dec 2, 2024. Russia’s military expenditure reached an estimated US$149 billion in 2024, a 38 per cent increase from 2023 and double the level in 2015.

World military spending hits US$2.7 trillion in record 2024 surge

[STOCKHOLM] The world’s military expenditure reached US$2.72 trillion in 2024, an increase of 9.4 per cent from 2023 and the steepest year-on-year rise since at least the end of the Cold War, accordin...

An expansionary fiscal policy should increase overall economic output. But a significant rise in domestic EV and wind turbine production will happen only if the policy promotes these goods.

Germany’s incoming government has embraced military Keynesianism

The country’s constitutional ‘debt brake’ has been amended to boost defence spending, limited to military expenditure. An opportunity to invest in the country’s economic future is squandered.

Biden says the new assistance will provide Ukraine with “an immediate influx of capabilities that it continues to use to great effect on the battlefield and longer-term supplies of air defence, artillery, and other critical weapons systems.”

Biden announces US$2.5 billion in fresh military aid to Ukraine

This includes US$1.25 billion in military aid drawn from US stockpiles and a US$1.22 billion Ukraine Security Assistance Initiative package

Intel is still negotiating the terms of that broader incentive package.

Intel solidifies US$3.5 billion deal to make chips for military

Intel has officially qualified for as much as US$3.5 billion in federal grants to make semiconductors for the Pentagon, according to people familiar with the matter, after the chipmaker reached a bind...

The US and Nato flags in Washington, DC, ahead of the military alliance's summit from Jul 9 to 11.

Western leaders seek to shore up ageing Nato – and Biden too

WESTERN leaders are this week commemorating the 75th anniversary of Nato, the creaking military organisation. Yet, attention is instead fast turning to another ageing figure at the heart of the transa...

The UN report says Myanmar still imported US$253 million worth of weapons, dual-use technologies, manufacturing equipment and other materials in the 12 months to March.

Myanmar central bank denies UN report on weapons transactions

MYANMAR’S central bank denied a United Nations report that the country’s military government can still access money and weapons for its war against anti-coup forces, saying financial institutions unde...

The 10 largest spenders in 2023, led by the United States (top), China and Russia, all increased their military spending.

Global military spending climbed 7% in 2023 amid conflicts

Global military expenditure grew 7 per cent to US$2.43 trillion in 2023, the steepest annual rise since 2009 as international peace and security deteriorated, a leading think-tank said on Monday (Apr ...