Military

    • Worldwide military spending rose in 2018

      Worldwide military spending rose in 2018

      Global military spending is continuing to increase, growing for the second year in a row and reaching the highest levels since reliable global figures became available in 1988. That's the finding of a new report out by the Stockholm International Peace Research Institute, which estimated that global spending on defense hit $1.82 trillion in 2018, up 2.6% on the previous year.

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    • US, South Korea reach deal on military costs

      US, South Korea reach deal on military costs

      The United States and South Korea struck a one-year deal on the shared costs of their military alliance on Sunday, removing a potential vulnerability in an upcoming US-North Korean presidential summit later this month. Under the new agreement, South Korea will contribute about $890m a year for the US military presence, which represents an 8.2% increase from the previous five-year deal which expired at the end of 2018.

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