Military spending surges in Europe and Asia, pushing world to levels not seen in 16 years, report says

By Brad Lendon, CNN (CNN) — Global military spending surged by almost 3% in 2025, fueled largely by ballooning defense expenditures in Europe and Asia, according to a report released Monday by a respected arms watchdog group. European defense spending jumped 14% from 2024, to $864 billion, and in Asia-Oceania the increase was 8.1%, to