
World Defence Spending Spikes As Rivalries Heat Up
Global defence spending saw its biggest jump in a decade in 2019, driven by the US and China, a study said Friday, as rivalries and conflicts stoke military investment.
The International Institute for Strategic Studies (IISS) said the four percent rise, compared to a year earlier, was fuelled by competition between major powers, new military technologies and rumbling warfare from Ukraine to Libya.
Beijing’s military modernisation programme — which includes developing new hard-to-detect hypersonic missiles — is alarming Washington and helping drive US defence spending, the IISS said.
Its annual “Military Balance” report said the increase alone in US …