Latest in China plans to spend 7.2% more on its military this year
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Starmer announces big cut to UK aid budget to boost defence spending
PM confirms rise in military spending to 2.5% of GDP by 2027 – three years earlier than planned. Keir Starmer has announced drastic cuts to Britain’s international aid budget to help pay for a ...The Guardian - Feb. 25 -
U.K. to Raise Defense Spending to 2.5% of G.D.P. by 2027, Starmer Says
Prime Minister Keir Starmer, who is set to meet with President Trump on Thursday, said he would increase British spending on defense to 2.5 percent of G.D.P. by 2027.The New York Times - Feb. 25 -
Nvidia to report earnings amid infrastructure spending, DeepSeek concerns
Nvidia is scheduled to report fourth-quarter financial results on Wednesday after the bell.NBC News - Feb. 25 -
DOGE Quietly Deletes the 5 Biggest Spending Cuts It Celebrated Last Week
The cuts, highlighted on an earlier version of the “wall of receipts” posted by Elon Musk’s team, contained mistakes that vastly inflated the amount of money saved.The New York Times - Feb. 25 -
US House passes budget resolution to cut taxes and spending by trillions
Bill would lead to large increase in America’s deficit, independent analysts sayFinancial Times - Feb. 26 -
Starmer prepares to meet Trump after raising defence spending
The PM will head to Washington a day after announcing military budgets would rise to 2.5% of national income by 2027.BBC News - Feb. 26 -
BP to slash spending on net zero ventures as it focuses on oil and gas again
British energy company BP has confirmed it is to slash spending on green ventures and up its oil and gas productionABC News - Feb. 26 -
Some small businesses are on the brink after Trump's spending cuts affect contracts
"My company has been left behind," one small business founder said.ABC News - Feb. 26 -
White House says EPA will cut 65 percent of spending, not staff
Shortly after President Trump said Environmental Protection Agency (EPA) Administrator Lee Zeldin plans to cut 65 percent of the agency’s staff, the White House clarified and said Trump was ...The Hill - Feb. 27 -
1 in 5 Americans are 'doom spending' — here's how that can backfire
"Doom spending," or spending money despite economic and geopolitical worries, is an increasingly common way to cope with stress.CNBC - Feb. 27 -
U.S. Economy Shows Signs of Strain From Trump’s Tariffs and Spending Cuts
Consumer and business sentiment is wobbling as fiscal support fades and fears rise that tariffs will lead to higher prices.The New York Times - Feb. 27 -
How European nations are appealing to Trump, boosting defense spending
European nations that are part of NATO are boosting their defense spending and are appealing to President Trump's demands on contributions. Charlotte Howard, The Economist's executive editor, joins ...CBS News - Feb. 27 -
Fight over Trump's spending powers boosts shutdown odds
Congressional negotiators racing to avert a government shutdown next month appear to have hit a wall on the question of whether to limit President Trump’s powers to spend the money. On one side of ...The Hill - 6d -
Political scientist Bjorn Lomborg: ‘You can’t spend on everything’
The ‘sceptical environmentalist’ used cost-benefit analysis to argue against emissions cuts. Now he has turned his attention to overseas aidFinancial Times - 6d -
Pope spends a peaceful night after bronchial crisis causes setback in recovery
Pope Francis spent a peaceful night and is resting and had suffered no other crises, the Vatican said in a short update on Saturday morning, after he suffered a bronchial crisis that caused a ...NBC News - 5d -
Pope Francis spends peaceful night after breathing crisis, Vatican says
Doctors caring for pontiff, 88, are assessing how Friday’s incident will affect his condition, says official. Pope Francis, who has been in hospital for two weeks with pneumonia in both lungs, has ...The Guardian - 5d -
GOP chairmen urge leader to battle House on budget, spending strategy
Senate Republican committee chairs delivered a blunt message to Senate Majority Leader John Thune (R-S.D.) last week that they want the Senate to assert itself and not let the White House and ...The Hill - 4d -
What Are ‘Bed Parties,’ and Why Are Parents Spending Thousands on Them?
Parents are tricking out their children’s bedrooms to celebrate college acceptances, sometimes spending thousands of dollars.The New York Times - 3d -
Elon Musk’s $1 Spending Limit Is Paralyzing Federal Agencies
The DOGE-mandated credit card freeze is delaying shipments of critical supplies, stalling travel, and stopping employees from doing their jobs.Wired - 2d -
Starmer urged to use defence spending boost to revive UK manufacturing
Make UK chief calls for support for small businesses as Europe faces pressure from US to shoulder security costFinancial Times - 2d -
McConnell: Failure to reach spending deal a 'disaster' for national defense
Former Senate Republican Leader Mitch McConnell (R-Ky.) is warning that failure to reach a spending deal with critical adjustments for federal spending levels and priorities would be a “recipe for ...The Hill - 2d -
Target’s Sales Forecast Is Down Thanks to Tariffs and a Customer Spending Slump
CEO Brian Cornell says that tariffs on imports from Mexico, Canada, and China could increase prices “over the next couple of days.”Inc. - 2d -
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How do Americans feel about inflation, tariffs, spending cuts?
President Trump is expected to lay out his legislative priorities during his address to Congress tonight. CBS News polling has some insights on what Americans want to see from lawmakers. CBS News ...CBS News - 1d -
Lutnick Remarks on Removing Government Spending in GDP Data Raises Fears
Howard Lutnick, the commerce secretary, suggested government spending should be excluded from data about U.S. economic output.The New York Times - 2d -
Greek PM calls on EU’s biggest party to back defence spending initiatives
Also in this newsletter: can Europe’s steel industry be saved?Financial Times - 1d -
Germany’s Merz strikes ‘game-changing’ deal to boost defence spending
Move to relax debt brake marks historic shift in country’s conservative approach to borrowingFinancial Times - 1d -
European markets soar as Germany lifts ‘debt brake’ to raise defence spending
Berlin’s ‘big bazooka’ move sends industrial stocks surging but fiscal sea change also hikes borrowing costs. Business live – German debt ‘bazooka’ rallies stocks and euro European financial ...The Guardian - 1d -
Germany seeks ‘long-term’ EU exemption for defence spending
Friedrich Merz leads German pivot in Europe’s ‘rearmament’ raceFinancial Times - 1d -
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DOGE’s $1 Federal Spending Limit Is Straight Out of the Twitter Playbook
On this special episode of Uncanny Valley, we talk about Elon Musk’s move to put spending limits on US government employee credit cards, plus how DOGE is embracing AI.Wired - 1d -
The NHS is spending a fortune giving people a death they don't want
The UK was once ranked the best country for end-of-life care - but, say experts, that has all changedBBC News - 22h -
Elon Musk’s Doge to expand blitz against spending on consultants
Firms including Deloitte and Accenture told to justify billions of dollars’ worth of contractsFinancial Times - 17h -
Air France-KLM targets ‘unbelievable’ spending of American travellers
Surge in demand for premium leisure will help airline group boost profits, says chief Ben SmithFinancial Times - 15h -
Trump and Johnson Push a Stopgap Spending Bill to Avert a Shutdown
Republicans are pitching the strategy as a way of avoiding a politically damaging shutdown fight while giving President Trump more power to go around Congress and set funding levels himself.The New York Times - 1h -
Trump Eyes a Bigger, Better Trade Deal With China
U.S. officials are considering whether they can strike a deal with China that would ramp up its purchases of American goods and investments in the United States.The New York Times - Feb. 19 -
China’s record-breaking blockbuster buoyed by patriotic viewers
‘Ne Zha 2’ rakes in $1.7bn with help from companies organising group outings and repeat viewingsFinancial Times - Feb. 21 -
This ETF provider thinks it's time to rethink investing in China
Investors may want to reduce their exposure to the world's largest emerging market.CNBC - Feb. 22 -
Trump trade overhaul clouds China’s shipping forecast
US president’s proposed new fees risk higher costs for companies, consumers and a struggling global trade systemFinancial Times - Feb. 24 -
China struggles to master high-end machine tools
Beijing’s push for self-reliance on strategically vital technology falls victim to incumbent competition and shifting prioritiesFinancial Times - Feb. 25
