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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Russia and China will strengthen bilateral ties, boost economic cooperation, and jointly oppose “discriminatory” sanctions, Russian President Vladimir Putin said ahead of his visit to China.
Russian President Vladimir Putin will travel to China next week for talks with President Xi Jinping, to attend a regional security summit, and to appear as Xi’s “main guest” at a military parade on Beijing’s Tiananmen Square, the Kremlin announced on Friday.
Indian Prime Minister Narendra Modi is due to meet Chinese President Xi Jinping on Sunday, as relations between the two Asian powers show signs of warming thanks to U.S. President Donald Trump’s imposition of steep tariffs on New Delhi.
China plans to triple Artificial Intelligence (AI) chip production within a year, boosting self-sufficiency for firms such as Huawei, despite U.S. export curbs, reducing reliance on foreign suppliers and bolster domestic innovation, in a move that could reshape global tech competition.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
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Eight people, including Irish missionary Gena Heraty and a three-year-old child, have been released after nearly a month in captivity following a kidnapping at the Saint-Helene Orphanage in Kenscoff, near Haiti’s capital.
Britain, France, and Germany have confirmed that their proposal to extend the Iran nuclear deal and delay the reimposition of UN sanctions for 30 days “remains on the table,” UK Ambassador Barbara Woodward said on Friday at the United Nations.
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