Nuclear arms spending soars as global tensions swell – studies

GENEVA, Switzerland — Nuclear-armed countries hiked spending on atomic weapons arsenals by a third in the past five years as they modernized their stockpiles amid growing geopolitical tensions, two reports showed on Monday.

The world's nine nuclear-armed states jointly spent $91 billion on their arsenals last year, according to a new report from the International Campaign to Abolish Nuclear Weapons (ICAN).