Report: Global nuclear spending surges as superpower tensions rise

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WASHINGTON, June 14 — The world’s nuclear powers are increasing investment in their arsenals, with spending up nine per cent to US$82.4 billion (RM364 billion) in 2021, according to a report released today by the International Campaign to Abolish Nuclear Weapons (ICAN).Washington led the spending, at US$44.2 billion, followed by Beijing, which spent US$11.7 billion as it races to build an arsenal of nuclear warheads to rival those of global leaders Russia and the United States.Russia spent US$8.6 billion, followed by Britain, France, India, Israel, Pakistan, and the newest nuclear power, North Korea, the report said.“Through an ever changing and challenging security environment, from security threats of climate change to the Covid-19 pandemic to the Russian invasion of Ukraine, nuclear weapons spending has steadily increased, with no resulting measurable improvement on the sec…