Shinzō Abe

Countries Spending the Most on the Military

The U.S. has a military budget four times larger than China even with a recent decline of more than $40 billion. Find out which countries spend the most on their military.

World Stocks Surge; Dow Breaks All-Time High

World stock markets rose Tuesday as investors applauded China's pledge to stick to economic growth targets for its economy, the world's second largest. Outgoing Premier Wen Jiabao said the government would spend what it needs to meet the target of 7.5 percent enshrined in the latest five-year development plan.