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.
A magnitude 5.6 earthquake hit Xizang, China, on Monday, with the epicenter located 10 km below the Earth's surface, according to the German Research Center for Geosciences (GFZ).
World Trade Organization chief Ngozi Okonjo-Iweala said she was pleased with the positive outcome of U.S.-China trade talks in Geneva and urged both nations to build on this momentum by developing practical solutions that ease tensions, restore predictability, and bolster global trade.
The United States and China have entered the second day of high-stakes tariff negotiations in Geneva, with no significant breakthroughs yet, but U.S. President Donald Trump is optimistic about progress.
Senior U.S. and Chinese officials convened in Geneva over the weekend for in-depth discussions aimed at easing the trade tensions between the two economic powerhouses.
After weeks of escalating economic tensions and record-high tariffs, China’s Vice Premier He Lifeng and U.S. Treasury Secretary Scott Bessent met in Geneva on Saturday in a bid to stabilize relations between the world’s two largest economies.
From May 13–24, the 78th Cannes Film Festival brings together veteran auteurs like Wes Anderson and breakout talents such as Ari Aster, alongside Hollywood heavyweights—from Tom Cruise to Emma Stone—on a red carpet primed for glamour and cinematic competition.
Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan has arrived in Kazakhstan for an official visit, paving the way for stronger bilateral relations.
Eurovision hopefuls hit the turquoise carpet in Basel as Switzerland hosts the song contest for the first time since 1989—setting the stage for a week of music, unity, and glitter.
Qatar has denied reports of gifting a luxury jet to President Trump for use as Air Force One, stating the matter is still under legal review with no final decision made.
Hamas has released a hostage, identified as Alexander, in what it described as a goodwill gesture toward U.S. President Donald Trump. The confirmation came late Sunday from Trump’s envoy Steve Witkoff in a message to the Associated Press.
India has fired a series of missiles into Pakistani-controlled territory, in what it has described as “Operation Sindoor”
For the first time in history, an American has been chosen to lead the Catholic Church, as Cardinal Robert Prevost is named pope.
A Rafale fighter jet operated by the Indian Air Force has reportedly been shot down for the first time in combat, according to sources cited by CNN, marking a significant and symbolic development in the ongoing escalation between India and Pakistan.
Pope Leo XIV made a surprise visit to the Basilica of Our Lady of Good Counsel in Genazzano. AnewZ covered the event, with journalist Maria Rodriguez Abalde on-site. She witnessed the occasion firsthand and documented key moments. More images and footage will be available soon.
President Donald Trump is set to begin his Middle East tour, visiting Saudi Arabia, Qatar, and the UAE. The trip aims to boost trade and investment, with a focus on energy, defense, and technology deals, including a $1 trillion commitment from Saudi Arabia.
From May 13–24, the 78th Cannes Film Festival brings together veteran auteurs like Wes Anderson and breakout talents such as Ari Aster, alongside Hollywood heavyweights—from Tom Cruise to Emma Stone—on a red carpet primed for glamour and cinematic competition.
Qatar has denied reports of gifting a luxury jet to President Trump for use as Air Force One, stating the matter is still under legal review with no final decision made.
Hamas has released a hostage, identified as Alexander, in what it described as a goodwill gesture toward U.S. President Donald Trump. The confirmation came late Sunday from Trump’s envoy Steve Witkoff in a message to the Associated Press.
U.S. and Chinese officials reported "substantial progress" in tariff negotiations held in Geneva, though specific details remain scarce. A joint statement is expected to be released on Monday.
From May 13–24, the 78th Cannes Film Festival brings together veteran auteurs like Wes Anderson and breakout talents such as Ari Aster, alongside Hollywood heavyweights—from Tom Cruise to Emma Stone—on a red carpet primed for glamour and cinematic competition.
Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan has arrived in Kazakhstan for an official visit, paving the way for stronger bilateral relations.
Eurovision hopefuls hit the turquoise carpet in Basel as Switzerland hosts the song contest for the first time since 1989—setting the stage for a week of music, unity, and glitter.
Qatar has denied reports of gifting a luxury jet to President Trump for use as Air Force One, stating the matter is still under legal review with no final decision made.
Hamas has released a hostage, identified as Alexander, in what it described as a goodwill gesture toward U.S. President Donald Trump. The confirmation came late Sunday from Trump’s envoy Steve Witkoff in a message to the Associated Press.
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