SIPRI’s annual report, released Monday, said global military expenditure reached $2.72 trillion in 2024, a 9.4% increase from 2023 and the largest year-on-year rise since the Cold War's end. This marks the tenth straight year of growth.
Defense spending is rising across East Asia as China’s expanding military power fuels regional concerns, according to a new report by the Stockholm International Peace Research Institute (SIPRI).
The world’s five biggest military spenders, the United States, China, Russia, Germany, and India made up 60% of total spending, combining for $1.64 trillion.
Spending in Asia and Oceania reached $629 billion in 2024, up 6.3% from 2023, with East Asia alone seeing a 7.8% jump to $433 billion.
China accounted for half of Asia’s total defense spending, with an estimated $314 billion, a 7% increase from 2023, and its largest annual rise since 2015. This marks the 30th consecutive year of growth, as China pushes to modernize its military across all domains by 2035.
China’s buildup has led neighboring countries to bolster their own defenses. Japan raised its defense budget by 21% to $55.3 billion, its biggest increase since 1952, lifting defense spending to 1.4% of GDP, the highest since 1958. Japan’s plan focuses on enhancing long-range strike and air defense capabilities through 2027.
Meanwhile, Taiwan boosted its military spending by 1.8% to $16.5 billion, allocating a significant portion to upgrade F-16 jets, purchase U.S. naval systems, and develop anti-drone technologies amid heightened tensions with China.
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Australia’s Prime Minister, Anthony Albanese, was temporarily evacuated from The Lodge to safety on Tuesday night after an alleged bomb threat linked to upcoming performances in Australia by Shen Yun, a U.S.-based classical Chinese dance and music company banned in China.
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A F-16 fighter jet of the Turkish Air Force crashed near a highway in western Türkiye early on Wednesday (25 February), killing its pilot, officials and media reports confirmed.
Chinese President Xi Jinping and German Chancellor Friedrich Merz agreed on Wednesday in Beijing to strengthen economic cooperation while addressing trade imbalances, market access concerns, and the war in Ukraine, during Merz’s first official visit to China since taking office.
U.S. President Donald Trump declared a “golden age” for America in his first second-term State of the Union on Tuesday evening, delivering the longest-ever address at more than 90 minutes. Here are the main takeaways.
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Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 25th of February, covering the latest developments you need to know.
Mexico’s President Claudia Sheinbaum on Thursday thanked FIFA and its president, Gianni Infantino, for reaffirming that the country’s 2026 World Cup host venues will remain unchanged, following violence that erupted after the killing of a major cartel leader.
A student from Azerbaijan was detained by U.S. immigration agents inside a Columbia University residential building on Thursday morning, was released later the same day after New York City Mayor Zohran Mamdani raised her case directly with President Donald Trump.
Argentina and Uruguay on Thursday became the first founding members of the Mercosur bloc to ratify a long-awaited free trade agreement with the European Union, paving the way for one of the world’s largest free trade zones.
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