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War in Ukraine and tensions in Middle East and Asia lead to 7% increase in worldwide defence expenditure, says think-tank
Researchers say 2016 was the fifth-deadliest year since the cold war
Until armies serve their people, progress on hunger and poverty will be slow
Government aims to harness A$195bn military modernisation to seed a local industry
Global defence spending grows for first time in three years
India’s neighbours the main buyers as shipments almost double in five years
Despite absence from Islamabad parade, the two are cementing military and economic relationship
China becomes third-biggest supplier in global weapons market with Pakistan its main client
Falling oil price and sanctions put pressure on spending
Beijing’s build-up is leading rivals to follow suit, a trend likely to gather pace in coming years
The big names have made deep cuts but budget reductions could be deeper still
International Edition