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DARK SECRETS: 13 | Vintage Vibes

Alienated by Trump, Europeans Finally Take Responsibility for Defense

Spurred by a hostile U.S. president, Europe struggles against stagnant economies to rearm.

Reason

Economic growth is still heating the planet. Is there any way out?

Rising GDP continues to mean more carbon emissions and wider damage to the planet. Can the two be decoupled?

The Guardian - UK

Global economy must move past GDP to avoid planetary disaster, warns UN chief

Exclusive: António Guterres says world’s accounting systems should place true value on the environment

The Guardian - UK

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UK economy boost set to be announced as budget uncertainty fades

The Office for National Statistics is set to reveal the latest UK GDP data on Thursday

The Independent UK

UK economy set to have recorded modest growth amid budget concerns

The Office for National Statistics will reveal the latest UK GDP data on Thursday.

Evening Standard

Central Asia posts growth above 6% in 2025, beating advanced economies

Economic activity accelerated across Kazakhstan, Uzbekistan, the Kyrgyz Republic and Tajikistan in 2025. Azerbaijan, while outside Central Asia, remained closely linked through energy and trade corridors connecting the region to Europe and global markets.

Euronews

Conversion therapy: Quarter of EU citizens exposed as Council of Europe urges ban

The EU loses up to €89 million in GDP every year due to discrimination based on sexual orientation, according to an OECD report.

Euronews

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Economic models ‘fail to capture’ severity of climate damages. Is a global financial crash looming?

Scientists have warned that current models are significantly underrepresenting the toll climate change is taking on the global economy.

Euronews

Disappointment for home owners as BoE leaves rates unchanged at 3.75%

Rate setters take heed of a pick up in GDP growth and sticky inflation

Evening Standard

Is India Overtaking the US in Economic Influence? Elon Musk Thinks So

When Elon Musk commented “The balance of power is changing” on a chart comparing global economic growth, it triggered a sharp global reaction. The question many began asking was simple yet provocative: Is India now economically stronger than the United States? The short answer is nuanced. India has not overtaken…

Times Life

Flawed economic models mean climate crisis could crash global economy, experts warn

States and financial bodies using modelling that ignores shocks from extreme weather and climate tipping points

The Guardian - UK

Net zero migration would require major tax rises to plug £37bn black hole, experts warn

Leading economic think tank predicts that net zero migration would lead to slower employment growth and a smaller workforce, causing a decline in overall GDP growth

The Independent UK

Reaching net zero migration would squeeze public finances, warns think tank

If net migration stayed positive, a larger working-age population would broaden the tax base and help stabilise the debt to GDP ratio, Niesr said.

Evening Standard

The Good Society by Kate Pickett review – the Spirit Level author takes stock

A whistle-stop tour of the greatest hits of progressive policy fails to take account of a central conundrum

The Guardian - UK

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Newslaundry

Health budget grows every year. So why isn’t public healthcare improving?

Finance Minister Nirmala Sitharaman announced a Rs 1.06 lakh crore health budget for 2026-27, a 9 percent increase from the current financial year. Yet persistent gaps in utilisation, staffing and quality suggest higher allocations alone cannot fix India's public health crisis.

Euronews

Central Asia posts growth above 6% in 2025, beating advanced economies

Economic activity accelerated across Kazakhstan, Uzbekistan, the Kyrgyz Republic and Tajikistan in 2025, driven by investment, exports and consumption. Azerbaijan remained closely linked, through energy and trade corridors connecting the region to Europe and global markets.

MusicRadar

“Since day one, we have stood with the artist community against piracy”: Spotify and the three major labels sue Anna’s Archive for $13.4 trillion over illegal scraping

That’s three times the total GDP of the UK

The Guardian - UK

Wall Street opens lower after Trump nominates Kevin Warsh as next Fed chair – as it happened

Rolling coverage of the latest economic and financial news

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Whats Hot

India-EU Trade Deal: The “Mother of All Agreements” to Reshape Global Trade

In a landmark development, India and the European Union (EU) have officially signed a free trade agreement (FTA) that has been hailed as the “mother of all deals.” The agreement is set to create a market of nearly two billion people and account for roughly a quarter of global GDP,…

Fortune

Trump's own Big Beautiful Bill could add $5.5 trillion to the deficit and sabotage his plan to 'grow out' of the national debt crisis

Prior to the passage of the One Big Beautiful Bill, Trump’s “growth” math stood a chance of closing the gap. Now it’s much harder to see it working.

Times Life

₹92 per Dollar Isn’t Just a Number: Why a Weak Currency Makes Life Costlier in India

A weak rupee does not stay in currency markets. It quietly shows up in household budgets. When the rupee moves toward levels like 90 or beyond against the dollar, India starts paying more for fuel, food, education, healthcare, travel, and essential imports. Life does not feel expensive overnight. It feels…

Euronews

Uzbekistan sees lower shadow economy share as cashless payments rise

Official data shows that economic activities hidden from authorities accounted for 33% of GDP in 2025, down from 45–50% in 2019.

International Business Times

Financial Clarity as a Growth Accelerator for Small Businesses: Insights from NetDeposited

According to the World Economic Forum, roughly 400 million SMEs worldwide represent about 90% of all businesses, provide employment for nearly 70% of the global workforce, and contribute close to half of global GDP.

Barchart

Dollar Falls on Stock Strength

The dollar index (DXY00 ) today is down by -0.28%. Today’s stock rally has curbed liquidity demand for the dollar. Losses in the dollar are contained due to today’s stronger-than-expected US economic news on weekly jobless claims and Q3 GDP. US weekly initial unemployment claims rose +1,000 to 200,000, showing...

Fortune

The U.S. debt now equals $229,000 per household—and a hefty tax hike looms as the most probable outcome

Spiraling interest payments—which grew from $352 billion in 2021 to $970 billion in 2025—put the debt train on an accelerated track.

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