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INSANE: 6 | Rare Historical Photos

The UK has highest property tax burden of any major economy: ‘Not a marginal difference’

Global tax firm Ryan found that the UK ranks first globally for the property taxes as a share of gross domestic product (GDP)

The Independent UK

FTAs, lower import duties, better business environment to boost net FDI flows: ADB chief economist

Foreign investment in India needs a boost. ADB Chief Economist Albert Park suggests free trade agreements and lower import tariffs. Strengthening manufacturing infrastructure and urban planning will attract more capital. Higher oil prices are expected to persist, impacting India's GDP growth and inflation. Reforms are ongoing, and continued momentum is…

The Economic Times

Europe's Defense Spending Surge Is Fueling a 50% Price Spike on Military Gear — and the Problem Is Getting Worse

European nations face military gear price increases of more than 50% in two years as NATO allies race to rearm, Estonian Defense Minister Hanno Pevkur warned Saturday at the Lennart Meri Conference in Tallinn. The surge is exposing a painful paradox: the more Europe tries to defend itself, the more…

International Business Times

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Nvidia surpasses Germany: How the market caps of tech giants compare to top economies

Nvidia’s market capitalisation ($5.7 trillion) has overtaken Germany’s GDP ($5.45 trillion). The combined value of the five largest US companies now exceeds the total GDP of Europe’s five largest economies.

Euronews

How Jerome Powell navigated pandemic, inflation and Trump

The outgoing Federal Reserve chair guided the U.S. economy through extreme tumult.

Axios

Wealth of Britain’s 157 billionaires now equal to 22% of country’s GDP

This ‘ghost GDP’ shows how headline economic growth is increasingly disconnected from reality for most, says report

The Guardian - UK

Nifty to hit 42,000 by 2028? New paper that studied market cycles says it's possible if these factors align

A CNI InfoXchange study projects the Nifty could surpass 42,000 by 2028 if sustained foreign investor inflows return. The report highlights stronger domestic liquidity, resilient equity markets, robust GDP growth prospects, rising retail participation, and India’s increasing weight in global emerging market indices.

The Economic Times

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India’s cities need Rs 80 lakh crore investment to support urban growth: Report

India requires Rs 80 lakh crore for urban infrastructure by 2037. Cities will contribute significantly to the nation's GDP. A new Rs 1 lakh crore fund will encourage market-based funding for urban projects. Local bodies must raise funds through bonds or loans. This will improve financial discipline and city creditworthiness.…

The Economic Times

Rachel Reeves is right – a leadership election will only damage Britain’s recovery

THE INDEPENDENT VIEW: Editorial: With new GDP figures showing unexpected growth, Labour’s restless frontbenchers should heed the chancellor’s warning that this is no time to put the economy at risk for the sake of political ambition

The Independent UK

British army to be equipped with remote-controlled guns in £1bn deal

The guns will be manufactured on British soil in Telford and Stockport

The Independent UK

Stocks Rise Before the Open as Tech Rally Rolls On, U.S. Retail Sales Data and Trump-Xi Summit in Focus

June S&P 500 E-Mini futures (ESM26) are up +0.31%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.30% this morning, pointing to further gains after a tech-led rally in the previous session, while investors monitor developments from the U.S.-China talks and await a fresh batch of U.S. economic data,…

Barchart

UK economy records strongest quarterly growth in a year as GDP increases by 0.6%

IN FULL

The Independent UK

Rachel Reeves pleads with Labour MPs not to topple Keir Starmer after surprise 0.6% jump in GDP

The rise in economic growth was stronger than expected by the City but markets have been hit by the turmoil at the heart of Government

Evening Standard

Boost for Reeves as GDP shows 0.6% growth despite Iran war crisis

As Starmer’s leadership crisis continues the pound has dropped and investors have been selling government bonds

The Independent UK

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The Guardian - UK

Reeves seizes on surprise UK growth as evidence Labour leadership must stay

Chancellor says ‘now not the time to put economic stability at risk’ as ONS records 0.3% growth in first month of Iran war

The Guardian - UK

Reeves warns against risking economic stability with leadership battle, after UK growth beats forecasts in March – as it happened

Chancellor warns against plunging the country ‘into chaos’ with leadership battle, after economy grows at fastest pace in a year in Q1 2026

The Economic Times

AI could add over $500 billion to India's economy by 2030: Study

Artificial Intelligence promises to boost India's economy by over $500 billion by 2030. Indian business leaders are optimistic about AI's role in GDP growth. However, many companies are still in the pilot phase of AI adoption. Key challenges include cloud infrastructure, data quality, and a growing skills gap. India aims…

Euronews

Which European economies are growing the fastest in 2026?

The eurozone has slowed sharply, expanding just 0.8% year-on-year in the first quarter of 2026. Yet three economies are growing several times faster than the bloc as a whole.

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Euronews

Trump in Beijing: How do the US and China compare as economic superpowers?

US President Donald Trump's visit to China this week comes as the rivalry between the world's two largest economies is increasingly shaped by economic competition, technological leadership and global influence.

The Conversation

How the U.S.‑Israel war against Iran is exposing the limits of the petrodollar system

For the first time since the Second World War, excluding the COVID-19 pandemic, public debt in the United States has surpassed the entire economy’s GDP. As of late March, debt held by the public reached US$31.27 trillion, just ahead of the GDP of US$31.22 trillion.

International Business Times UK

Trump Takes Billionaire Powerhouse to China — Delegation's Combined Wealth Exceeds GDP of Most Nations

Trump heads to Beijing with 16 CEOs including Elon Musk and Tim Cook. Their £639bn ($868bn) combined fortune surpasses Sweden's entire GDP

The Economic Times

India revises GDP release calendar, annual and Q4 figures now due on June 7

India's National Statistics Office has revised the annual GDP data release schedule, moving it from the last working day of May to June 7 annually. This change, effective from FY26 data, aims to enhance the quality and robustness of national accounts. The first revised release will be on June 5,…

The Economic Times

Moody's slashes 2026 India growth forecast to 6%

Moody’s Ratings has cut India’s GDP growth forecast for 2026 by 0.8 percentage points to 6 per cent, citing weak private consumption, slower capital formation and industrial activity, along with higher energy costs. It also lowered the 2027 growth outlook to 6 per cent from earlier estimates, pointing to lingering…

Fortune

Forget U.S. debt, China’s total borrowing is in 'a league of its own'—much worse and deteriorating faster, analyst says

China’s total debt across the public and private sectors is now 300% of GDP.

The Conversation

Pensions for Botswana’s elderly are growing, but care services are lacking – study tracks 20 years

Botswana’s economy is projected to contract by 0.4% in 2026, driven largely by a slowdown in the diamond sector. Diamonds account for a third of fiscal revenues and a quarter of GDP. This means the government has less money to spend, even before making any policy choices.

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