Tag: spending
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Global military spending hits $2.46 trillion in 2024: IISS Report
Global defence expenditure hit $2.46 trillion in 2024, with the US ($916 billion), China ($296 billion), and Russia ($109 billion) as the top spenders....
Germany to ease government debt limits in major step aimed at boosting economy, defence spending
The two political parties expected to form the next German government have agreed to loosen the country’s constitution restrictions on borrowing, enabling 1 trillion...
China ramps up spending on its military as US looks to cut costs
China is set to increase its defense spending by about 7.2% in 2025, matching last year’s growth and reflecting President Xi Jinping’s ambition to...
Credit card spending dropped in January: What is prompting consumers to tighten purse strings?
Total credit card expenditure in January 2025 declined to ₹1.8 trillion, reflecting a 2 per cent month-on-month decline and a 14 per cent...
US consumers tighten belts despite income surge; largest spending drop in 4 years
US consumers reduced their spending by 0.2% last month from December, marking the sharpest monthly decline since February 2021. The Commerce Department data, released...
