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Study: Global military spending dips for first time since 1998
AFP - The world spent less on weapons and military services in 2012 than the year before, the first annual drop since 1998, a Swedish think tank said on Monday. But despite the overall decrease, driven mainly by budget cuts in the Western countries, China and Russia both boosted spending last…
Asia is world’s top weapons importer
Asia leads the world when it comes to weapon imports, according to a study released Monday by the Stockholm International Peace Research Institute (SIPRI). Globally the volume of international transfers of majorconventional weapons was 24 percent higher in the period 2007-11 compared to the 2002-06 period, the report said. Over the past five…
Nuclear weapons ‘as numerous as ever’: study
STOCKHOLM — Disarmament vows have failed to reduce the nuclear threat as nations invest in new weapons systems, a leading think-tank said Tuesday, amid a rise in global tensions due to competition for scarce resources. “More than 5,000 nuclear weapons are deployed and ready for use, including nearly 2,000 that…
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