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View of what state media KCNA reported was a test-firing of the weapons system of the new "Choe Hyon-class" warship, in this picture released on April 30, 2025, by the Korean Central News Agency.
Analysis

The new global arms race: who’s buying, who’s selling, what’s at stake

Welcome to the new global arms race: faster, smarter, more dangerous and more expensive than ever. In 2024, world military spending surged to a record $2.7 trillion, the steepest annual increase since the Cold War's end, driven largely by European, Asian and Middle Eastern nations.

Ghana, Accra, 2023-02-16. Young schoolchildren in uniform learning multiplication tables. Illustration image of children in a school in Ghana. A little girl is at the blackboard reciting in front of the class.
What We're Watching

To get rich, Ghana needs to wise up

On Monday, the International Monetary Fund warned that Accra’s plans to settle some of its $13 billion in debt would breach the terms of its bailout, pushing the country to the brink.