Category Archives: Business News

Global arms sales rise for the first time in 5 years

Global arms sales increased for the first time in five years in 2016 as rising geopolitical tensions fueled defense spending.

Sales by the world's 100 biggest arms producers increased 1.9% from the previous year to reach $374.8 billion, according to the Stockholm International Peace Research Institute (SIPRI).

"The growth in arms sales was...

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