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Articles on United States

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Boris Yeltsin shakes hands with Russia’s most powerful businessmen in Moscow. AP Photo

What is an oligarch?

Oligarchs have made headlines recently as the impeachment hearings against President Donald Trump move forward.
To make a more accurate comparison of the real purchasing power of a country’s military spending, we need to factor in differences in labour and operational costs between countries. Roman Pilipey/EPA

China’s military might is much closer to the US than you probably think

China’s military budget is usually thought to be about 40% of that of the US. In reality it’s about 75%.

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