DUBAI, United Arab Emirates (AP) — Global military spending rose in 2015 to nearly $1.7 trillion, the first increase in several years, driven by conflicts including the battle against the Islamic State group, the Saudi-led war in Yemen and fears about Iran, a report released Tuesday shows.
The study by the Stockholm International Peace Research Institute also noted that the Chinese expansion in the South China Sea and Russia’s annexation of Crimea and support of Ukrainian separatists also accounted for nudging spending up 1 percent in real terms, compared to 2014.
For weapons manufacturers, the nonstop pace of airstrikes targeting Islamic State …read more
Source: KXAN
