Increased fears about global stability and the rise of new military powers is driving a return to steady growth in worldwide defence spending.
A new analysis of arms spending from Jane’s Defence Budgets report found that outlays on weapons, equipment rose 1pc in 2016, to a global total of $1.57 trillion.
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Time For Truth: (The Telegraph) – $1,570,000,000,000: how much the world spent on arms this year
One the country’s J-16 strike fighters fired the giant missile earlier this month.
Experts at Popular Science magazine analysed pictures of the event an estimated the missile measured 19 feet long and was 13 inches wide.
The incoming head of the United Nations warned on Tuesday that “losers of globalization” in rich countries have felt ignored by establishment politicians, prompting them to turn to nationalist agendas, as in the U.S. election and Brexit referendum.
Antonio Guterres, elected in October to take over as U.N. secretary general next year, told a conference in his native Lisbon that this trend had undermined the willingness to receive refugees in Europe this year.
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Time For Truth: (Reuters) – New U.N. chief says politicians are failing 'losers of globalization'
Today Credit Suisse released its latest annual global wealth report, which traditionally lays out what is perhaps the biggest reason for the recent “anti-establishment” revulsion: an unprecedented concentration of wealth among a handful of people, as shown in its infamous global wealth pyramid, an arrangement which as observed by the “shocking” political backlash of the past few months suggests that the lower ‘levels’ of the pyramid are increasingly unhappy about.
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Time For Truth: (Zero Hedge) – Global Wealth Update: 0.7% Of Adults Control $116.6 Trillion In Wealth
The world’s largest refugee camp will close in November, Kenya’s Interior Minister Joseph Nkaisserry has announced.
The Dadaab camp in Kenya is home to more than 300,000 Somalis.
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Time For Truth: (BBC News) – Kenya announces Dadaab refugee camp will close by November