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YOU WONT BELIEVE: 50 - What They Never Told You

Global stocks weaken amid ‘lacklustre’ UK economic growth data

London’s FTSE 100 struggled to maintain gains from earlier in the day and closed 7.58 points lower, or 0.09%, at 8,063.61.

Evening Standard

Dollar Gains on Weak Stocks and Higher T-Note Yields

The dollar index (DXY00 ) today is up by +0.14%. The dollar today recovered from early losses and is moderately higher, just below Thursday’s 1-year high on Thursday. The dollar has risen in six consecutive sessions and extended the post-election rally on speculation that T-note yields will increase as inflation...

Barchart

Shrinking GDP forecast adds to German woes after coalition collapse

European Commission figures predict German economy, usually the engine of the EU, will contract O.1% this year

The Guardian - UK

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OPINION - The Standard View: Business as usual for the soporific UK economy

It is the story of the British economy for the last 15 or so years. No matter the ideology of the prime minister, the content of the Budget or the geopolitical conditions, our GDP continues to grow, or indeed shrink, at a snail’s pace.

Evening Standard

UK Growth Slows In Third Quarter, Dealing Blow To Labor Government

Gross domestic product (GDP) grew by 0.1% in the July-September period, a slowdown compared to 0.5% growth in the second quarter, the Office for National Statistics said.

Latin Times

Why did the UK economy slow in the third quarter, and what does it mean?

The PA news agency looks at what fresh GDP figures mean for the wider UK economy, households and the Government.

Evening Standard

Stock Index Futures Plunge as Fed Rate Cut Bets Wane, U.S. Retail Sales Data in Focus

December S&P 500 E-Mini futures (ESZ24) are down -0.58%, and December Nasdaq 100 E-Mini futures (NQZ24) are down -0.90% this morning after Federal Reserve Chair Jerome Powell indicated the central bank was in no rush to lower interest rates, while investors geared up for a flurry of U.S. economic data,…

Barchart

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Shadow chancellor warns Reeves over EU ties after Bank chief says Brexit harming economy – as it happened

Mel Stride said there must be no suggestion of the UK going back into the EU single market or customs union

The Guardian - UK

Few expected Britain to boom but the GDP figures will worry the Treasury

Summer slowdown raises questions of whether Reeves’s bleak outlook in the run-up to the budget hindered growth

The Guardian - UK

UK economy shrunk by 0.1% in September, shock GDP figures reveal in blow to Labour Chancellor Rachel Reeves

GDP grew by a meagre 0.1% between July and September, slightly below expectations

Evening Standard

UK growth slows but December interest rate cut unlikely; vaccine-maker shares hit by RFK Jr nomination – as it happened

Latest UK GDP growth report shows UK grew by just 0.1% in July-September, a slowdown on the first half of the year

The Guardian - UK

OPINION - Trump's tariffs reduce Reeves's room for manoeuvre

Nice GDP forecasts you’ve got there. Shame if anyone did anything to mess them

Evening Standard

Pay for NHS chiefs to be linked to performance with ‘no more rewards for failure’, Wes Streeting says – as it happened

Health secretary to confirm announcement in speech later this week

The Guardian - UK

No date for increasing defence spending to 2.5% of GDP, says Treasury minister

Darren Jones said it will depend on the outcome of the strategic defence review, which is currently under way.

Evening Standard

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The Guardian - UK

Boost UK defence spending to win Trump’s support, former navy chief urges Starmer

Lord West says Republican victory is chance to show Britain is willing to prioritise military by allocating 3% of GDP

The Independent UK

‘Budget emperor has no clothes’ says shadow minister as MPs continue debate

The final day of debate on Labour’s first Budget in 14 years is taking place in the Commons.

Al Jazeera

Asia braces for disruption to alliances, trade after Trump’s victory

Following decisive election win, Trump is expected to pursue more aggressive version of his ‘America first’ vision.

The Conversation

Extreme weather has already cost vulnerable island nations $141 billion – or about $2,000 per person

Two years ago, when the curtain fell on the COP27 summit in Sharm El Sheikh, Egypt, developing nations on the frontline of climate change had something meaningful to celebrate.

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International Business Times

The Internet's Defenders Are Running Out of Money—And We're All at Risk

Small businesses represent 43.5% of the American GDP. These underdogs employ 61.6 million people and provide critical products and services to communities across the nation.

Al Jazeera

US Election 2024: How does the US measure up to the rest of the world?

The US has the largest economy in the world, the highest healthcare costs and the biggest military budget.

Fortune

Russia fines Google $2.5 decillion for YouTube bans—eclipsing global GDP

It would take more than 33 quintillion years for Google to pay Russia based on its annual profits last year.

Top News

Russia Demands Decillion From Google For Blocking Channels

Russia demands an astronomical sum from Google for fines related to blocked YouTube channels, exceeding global GDP.

Evening Standard

Reeves to face scrutiny over Budget that raises taxes, borrowing and spending

The overall tax burden will reach a record 38.3% of gross domestic product (GDP) in 2027-28.

Kiplinger

Stock Market Today: Stocks Slide as Solid GDP and Softer Inflation Vex Rate Cut Bets

Encouraging economic news damped hopes for accelerated rate cuts.

Barchart

Dollar Slips on Euro Strength and Mixed US Economic News

The dollar index (DXY00 ) on Wednesday fell by -0.24%. Strength in the euro weighed on the dollar as the Eurozone Q3 GDP report was stronger than expected. The dollar added to its losses after Wednesday’s economic news showed US Q3 GDP grew less than expected. Losses in the dollar...

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