In a satirical piece titled 'An Unserious Look at the Year Ahead' in the Wall Street Journal last week, Hugo Rifkind predicts the price of a barrel of oil will fall so low that people across the world would start buying oil for the barrel - and throw the oil out.
The world's top 100 arms producing companies racked up 402 billion dollars in weapons sales and military services in 2013, according to the latest figures released by the Stockholm International Peace Research Institute (SIPRI).
Which story line sounds the more credible – that linking the rebel movement ISIS (the Islamic State in Iraq and Syria) to policies pursued by Iran or that linking the Sunni extremist force to Iran’s adversary Saudi Arabia?
The United States, which has refused to cut off its hefty 1.3 billion dollars in annual military aid to Egypt, continues to argue that depriving arms to the 438,500-strong security forces will only "destabilise" the crisis-ridden country.
When the dust settles from the ongoing deadly confrontations between the Egyptian armed forces and thousands of Islamist protesters in the streets of Cairo and Alexandria, the eventual winner will be the United States - specifically U.S.-made weapons systems in the hands of the country's 440,000-strong military.
After ranking ahead of Japan as the world's second largest economy, China has reached another milestone: displacing the UK as the world's fifth largest arms supplier.
With a new round of negotiations for an international treaty regulating the international trade of small-scale weapons slated for next month, advocates here have stepped up a campaign to clarify what exactly the treaty is trying to accomplish – and to eliminate some opposition to the treaty from within the U.S. Congress that, they say, is based on misinformation.
At the height of the economic and financial crisis, the Spanish government is promoting the export of weapons, creating concern among civil society organisations that say commercial interests are prevailing over the law and human rights.
The goal of curbing small arms proliferation appears more elusive than ever, according to a report released this morning by the independent research project Small Arms Survey.
The European Parliament sent a bold message to the world last week with its comprehensive and ambitious resolution to put an end to the illicit global arms trade. But analysts regret the new resolution ignores several key factors, such as the impact of the arms trade on the socio-economic development of recipient countries, and the involvement of civil society in future negotiations.
The United States is set to far surpass previous records for defence sales this year, according to U.S. officials.
The administration of U.S. President Barack Obama is sending the wrong signal to the government of Bahrain in proceeding with a partial sale of new arms to Manama, according to human rights activists and some lawmakers here.