Soaring Global Debt Interest Costs Outstrip Defence Spending
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Government debt interest costs hit highest level since 2007
Payments surpass defence spending and have risen to 3.3% of GDP for richest countries, says OECDFinancial Times - 12h -
Government debt costs in richest nations at highest since 2007
Payments by OECD countries outstrip amount spent on defence, police services and housing, report finds. Business live latest updates The cost of government debt payments in the world’s richest ...The Guardian - 9h -
Europe’s defence spending spree risks debt crisis, warns Dutch politician
Pieter Omtzigt says EU’s €800bn military build-up could push up debt and interest ratesFinancial Times - 2d -
Boosted defence spending will come at cost of manifesto pledges
Government should level with public about which promises it cannot afford to keepFinancial Times - Mar. 10 -
Germany’s Greens vow to block Merz’s flagship spending package
Party officials reject €500bn infrastructure fund plan and change to debt borrowing rules to fund defence spendingFinancial Times - Mar. 10 -
Germany’s parliament approves Merz’s €1tn spending plan
Chancellor-in-waiting uses outgoing Bundestag to loosen debt brake and unleash investments in defence and infrastructureFinancial Times - 2d -
‘Germany is back’: Merz secures Greens’ support for defence spend boost
Backing of Greens is tantamount to approval of chancellor-in-waiting’s proposal to relax debt brake. Germany’s conservative chancellor-in-waiting, Friedrich Merz , has said he has secured the ...The Guardian - 6d -
Ways to spend — and save — as interest rates stay high and tariffs mount
Consumers should brace for borrowing costs to stay elevated, prices to rise and stock markets to remain on edge for at least a little longer, analysts say.NBC News - 15m -
The costly end of Europe’s ‘peace dividend’
Defence spending at 3.5% of GDP would have cost EU an extra $387bn a year since finish of cold warFinancial Times - 3d -
Germany votes for historic boost to defence spending
The move alters the German constitution, allowing the country to increase its military spending.BBC News - 2d -
Bank of England holds interest rates, warns global trade uncertainty has intensified
The Bank of England on Thursday announced its latest interest rate decision, warning of increased global uncertainty.CNBC - 9h -
3 ways seniors can have their credit card debt forgiven this March
With the rising cost of living, managing credit card debt can be tough, especially for retirees on fixed incomes.CBS News - 3d -
German parliament passes historic debt reform, paving the way for higher defense spend
The reforms include changes to the debt brake rule and the creation of an infrastructure fund.CNBC - 2d -
Asian defence stocks soar to record highs as Europe prepares to re-arm
Japanese and South Korean contractors gear up after Donald Trump threatens to withdraw US security umbrellaFinancial Times - 2d -
Merz presses Greens to name their terms for German defence spending rise
‘What more do you want from us?’ asks chancellor-in-waiting as he seeks urgent support for fiscal rule changes. Germany’s chancellor-in-waiting has tried to win over the Greens to his ambitious but ...The Guardian - Mar. 13 -
No European defence without Germany
The rapid action by Friedrich Merz in the face of Donald Trump’s disruption highlights how the continent’s leaders need strategy as well as spendingFinancial Times - Mar. 8 -
Germany set to vote on historic increase in defence spending
German MPs could pave the way for huge investments to defend Europe against a threatening Russia.BBC News - 2d -
As Utility Bills Soar, New Yorkers Face the Cost of a Greener Future
The utility that serves New York City and Westchester County has filed a request to raise its rates to help pay for the shift to cleaner energy, sparking dismay among residents.The New York Times - Mar. 9 -
Gilt investors brace for nearly £310bn in debt sales
Near-record total will be a test of market confidence in chancellor Rachel Reeves’ spending plansFinancial Times - 17h -
Global economy takes centre stage
OECD updates growth forecasts, a clutch of central banks set interest rates and the IOC picks a new Olympics presidentFinancial Times - 4d -
Soaring energy bills put Albanese on defensive in Australian election
Opposition blames government’s renewable energy policy for higher prices amid concerns over cost of livingFinancial Times - 3d -
Call it a defence levy or even a patriot tax – but Labour is going to have to raise taxes, fast | Gaby Hinsliff
The world has shifted and defence spending has to rise. But time is running out for the government to make a case for it. Five years ago this weekend, life as we knew it was suspended overnight. ...The Guardian - 2d -
Federal Reserve holds interest rates steady, citing higher economic uncertainty
The Federal Reserve said Wednesday it was leaving interest rates unchanged, signaling it wanted further clarity on the direction of the economy before changing borrowing costs for businesses and ...NBC News - 1d -
IfW Kiel ties German growth forecast for 2026 to defence spending
Yahoo News - Mar. 13 -
Spain’s Sánchez calls for cyber and climate to count as defence spending
Prime Minister says ‘our threat is not Russia bringing its troops across the Pyrenees’Financial Times - Mar. 13 -
Estonia to increase defence spending to 5% of GDP from 2026
Yahoo News - 2d -
Germany has broken 'shackles' to spend more on defence, Scholz says
Yahoo News - 2d -
Poland and UK discuss defence spending as Europe moves to re-arm
Finance minister Andrzej Domański calls for smarter funding as continent moves to bolster its military powerFinancial Times - 17h -
Federal Reserve is likely to hold interest rates steady next week. But some consumer loans are getting cheaper
High interest rates have put pressure on households, but some borrowing costs are starting to ease, even with the Fed on the sidelines.CNBC - 6d -
ThyssenKrupp’s warship division expects its market size to triple as defense spending surges
That comes on the back of the German parliament voting in favor of a major fiscal package, which includes changes to debt policies for higher defense spending.CNBC - 9h -
DOJ investigates U.S. egg producers amid soaring prices
The Department of Justice is investigating major U.S. egg producers for price fixing, as costs continue to rise. It comes as some lawmakers and advocacy groups accuse top U.S. egg producers of ...CBS News - Mar. 10 -
What could it cost for Jaguars to sign Rams' free agent WR Cooper Kupp?
If the Jacksonville Jaguars have any interest in signing Rams' free agent WR Cooper Kupp, what might it cost to do so?Yahoo Sports - Mar. 13 -
Germany’s Merz agrees spending deal with Greens
Agreement paves way for flagship defence and infrastructure package to be adopted by parliament next weekFinancial Times - 6d -
Arsenal column: GENUINE interest in £100m star, latest on Alexander Isak links, & more
Gabriel transfer interest is genuine, but he should cost at least £100mThe interest from Saudi Arabia in Gabriel Magalhaes is nothing new, it dates back a couple of years now.In the summer of 2023 ...Yahoo Sports - 17h -
The U.S. dollar is still the world’s currency — but maybe not for much longer
Concerns are rising about the sustainability of U.S. government debt and spending.MarketWatch - Mar. 8 -
EU to exclude US, UK and Turkey from €150bn rearmament fund
Victory for France-backed ‘Buy European’ approach to defence spendingFinancial Times - 1d -
FirstFT: Musk’s government spending cuts fail to halt rising costs
Also in today’s newsletter, Putin’s frontline visit and a new FT film on Nvidia’s riseFinancial Times - Mar. 13 -
Interest rates will go down gradually, says Bank
Borrowing costs had been widely expected to be left unchanged with inflation, predicted to go up in the coming months.BBC News - 6h -
Republicans' reckless assault on clean energy will cost them
The GOP spending bill is a slash-and-burn blueprint for enacting President Trump’s extreme agenda, and it will throw American industries and families into chaos.The Hill - 6d -
UK Treasury omits defence from National Wealth Fund priority sectors
Decision comes even as government joins other European countries in seeking to raise military spendingFinancial Times - 1d
