Weapons spending tops $1 trillion

Spending on weapons around the world topped $1 trillion (£560bn) for the first time in 2004, a new report says.

A study by the Stockholm International Peace Research Institute (Sipri) found that countries around the world spent $162 on weapons for each person alive.

The US alone accounted for 47% of the global total, mainly because of soaring spending on its "global war on terror".

http://news.bbc.co.uk/2/hi/business/4617721.stm