The Republican-led House of Representatives has passed a bill that would boost the US $31.4 trillion federal debt ceiling in exchange for slashing government spending.

Europe's military spending surged at a record pace in 2022.

In this edition, we will discuss the reasons for the sharp increase in world military spending over the last few years and its ramifications.

Europe's military spending surged at a record pace in 2022 -- led by the UK, Germany and France -- with the US continuing to top the list, accounting for nearly 40 percent of global military expenditure, a new study has reveals.

Japan has unveiled its biggest military build-up since World War II with a $320 billion plan to buy missiles capable of striking China, thereby flexing its muscles under the US plan to mobilize against their common foe. 

Major US weapons maker Raytheon gets $985 million Air Force contract to design and develop Hypersonic Attack Cruise Missiles.

Facing a growing threat from China, the US Navy envisions drone ships keeping an electronic eye on enemy forces across the vast Pacific Ocean.