Global military spending is at an all-time high, revealed a new report by the Stockholm International Peace Research Institute (SIPRI) released on Monday (Apr 22).

Driven by war and conflicts, global military spending rose to all-time high in 2023: SIPRI report

Countries are rushing to bolster their defences as the war rages on in Ukraine. The defence industry worldwide is profiting from the fears raised by the war.

Gravitas: Military spending surges globally

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Driven by war and conflicts, global military spending rose to all-time high in 2023: SIPRI report

Gravitas: Military spending surges globally