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INSANE: 46 | Rare Historical Photos

Minister urged to reveal timeline for increase in defence spending

MPs will have to wait until the spring for a spending plan, according to defence minister Luke Pollard.

The Independent UK

Starmer ‘could resist Trump’s defence spending demands due to public finance woes’

However, claims the 2.5 per cent of GDP target would not be hit by 2030 branded ‘pure speculation’

The Independent UK

The stock market gauge named after Warren Buffett just hit an all-time high, signaling a severe warning worse than the dot-com bubble

The metric, which compares the market cap of publicly traded companies to GDP, is higher than ever.

Fortune

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read the most diverse news in one place.

Tax memes target Nirmala, but who’s the real villain here?

The term meme was coined by the British evolutionary biologist Richard Dawkins in his 1976 book The Selfish Gene. In this book Dawkins defined a meme as: “A noun that conveys the idea of a unit of cultural transmission… Examples of memes are tunes, ideas, catch-phrases, clothes fashions, ways of…

Newslaundry

From GDP to trade, how well equipped is China’s economy for Trump 2.0?

Beijing has prepared for increased tariffs but its actions will not be enough to offset falling demand from the US

The Guardian - UK

Dollar Rebounds on US Economic Strength

The dollar index (DXY00 ) Friday rose by +0.37%. The dollar on Friday recovered from early losses and posted moderate gains. Friday’s better-than-expected US economic news on Dec housing starts and Dec manufacturing production were bullish for the dollar. Also, Friday's action by the IMF to raise its 2025 US...

Barchart

Congressional Budget Office Offers Dire Warning About Annual Deficits Dwarfing GDP

Congressional Budget Office Director Phillip Swagel said the current projections are based on the 2017 tax cuts ending. That means the numbers could get worse.

International Business Times

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Lithuania vows to boost defense spending to 5-6% of GDP, citing the threat of Russian aggression

Lithuania's president says his country has made the decision to raise its spending on defense to between 5% and 6% of overall national economic output starting in 2026

The Independent UK

Dollar Weakens on Lower Bond Yields and Stronger Stocks

The dollar index (DXY00 ) today is down by -0.10%. The dollar today gave up an early advance and turned moderately lower after the 10-year T-note yield fell to a 2-week low of 4.566%, weakening the dollar's interest rate differentials. Also, today's stock rally has curbed liquidity demand for the...

Barchart

PM warns it will take time to revive economy after weaker-than-expected growth

The Office for National Statistics estimated the UK economy grew in November by 0.1% after falling by 0.1% in both September and October.

Evening Standard

Weaker-than-forecast rebound in growth keeps Chancellor under pressure

The ONS estimated the UK economy grew in November by 0.1% after falling by 0.1% in both September and October.

Evening Standard

UK politics live: Labour announce rapid national grooming gang review in partial climb down as Musk responds

Home secretary’s announcement marks partial government climbdown on grooming gangs scandal

The Independent UK

What is ASEAN and why are Asian countries like Japan and South Korea not part of it?

The bloc has a GDP of around $4.2 trillion and came up during a U.S. Senate hearing on Wednesday.

Fortune

UK’s economy grows for first time in three months - but less than expected

Gross domestic product (GDP) grew by 0.1 per cent in November, after falling in both September and October - but showed no growth in the three months to November

The Independent UK

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Evening Standard

Rachel Reeves hit by major new setback as 0.1% GDP growth disappoints

The growth will do little to ease fears of a possible technical recession for the UK economy over the winter

Evening Standard

FTSE 100 Live 16 January: Index rally continues, Burberry jumps after Richemont update

Fears of a technical recession were stoked today by figures showing the UK barely grew in November.

The Independent UK

Reeves looking at regulatory reforms in search for economic growth

Chancellor Rachel Reeves said she wanted to ‘tackle the barriers to investment’ ahead of the latest monthly GDP figures and a meeting with regulators.

The Guardian - UK

German economy shrinks for second year in a row

First consecutive year of declining GDP since early 2000s highlights challenges facing next government

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The Conversation

UK borrowing costs have hit their highest level since the banking crisis. An economist explains what’s happening

UK borrowing costs have risen rapidly to their highest level since the banking crisis of 2007-08, with implications for the government’s tax and spending plans. Yields on gilts, as UK government bonds are called, have been rising – and these yields are effectively the level of interest that the government…

Evening Standard

Trump talk can be 'destabilising,' says Lammy after US president elect didn't rule out invading Greenland

But the Foreign Secretary played down the prospect of a conflict between Trump’s America and Europe over Greenland

The Independent UK

Donald Trump’s rhetoric can be ‘destabilising’, David Lammy suggests

Mr Lammy told the BBC that he believes Mr Trump’s comments earlier in the week about Greenland come from his concerns about US economic security.

The Independent UK

Lammy laughs off Trump threat to grab Greenland: ‘It’s not going to happen’

Foreign secretary also hit back at Trump’s demands that the UK double its defence spending to 5 per cent of GDP

The Conversation

If Greenland were for sale, what would it be worth? How to put a ‘price tag’ on a territory

It’s unlikely you’ve missed the story. In recent weeks, US President-elect Donald Trump has again repeatedly voiced his desire for the United States to take “ownership and control” of Greenland – an autonomous territory of the Kingdom of Denmark.

Evening Standard

Ministers will always spend enough on defence, No 10 says amid Trump 5% GDP call

The president-elect has called for all members of the transatlantic alliance to more than double their defence commitment.

The Conversation

Fully recovering Australia’s threatened species would cost 25% of GDP. We can’t do it all at once – so let’s start here

Australia has already lost at least 100 species since European colonisation. Across land and freshwater habitats, 1,657 species are currently threatened with the same fate. Their populations have fallen 2-3% every year over the last quarter century.

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