May 2, 2025: Global military spending surged to a record $2.72 trillion in 2024, according to the Stockholm International Peace Research Institute (SIPRI), driven primarily by a dramatic rise in European defense budgets. Europe Leads Global Military Spending Boom Europe led the charge, increasing its defense expenditure by 17% to $693 billion, the sharpest annual … Continue reading European Defense Spending Surges To Cold War Highs Amid U.S. Pullback, Global Instability