Europe’s rearmament push drives global military spending to record $2.9 trillion despite U.S. pullback
CNBC Top News ·
Israeli air defence systems are activated to intercept Iranian missiles over the Israeli city of Tel Aviv early on June 18, 2025. …
Israeli air defence systems are activated to intercept Iranian missiles over the Israeli city of Tel Aviv early on June 18, 2025. Menahem Kahana | AFP | Getty Images Europe ramped up military spending in 2025 — a longstanding demand of U.S. President Donald Trump — helping drive global defense outlays to a staggering $2.89 trillion, according to the Stockholm International Peace Research Institute . …
Original source: CNBC Top News