Global military spending rises 2.6% in 2020 despite COVID-19 pandemic hit
Global military expenditure rose by 2.6% to $1.98 trillion last year even as some defence funds were reallocated to fight the COVID-19 pandemic, the Stockholm International Peace Research Institute said in a report issued on Monday. The five biggest spenders in 2020, which together accounted for 62% of military spending worldwide, were the United States, … Read more