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Trump’s first quarter of GDP is looking shaky. His allies are already trying to shoot the messenger.
The Trump administration wants to create a separate report about the economy that strips out the impact of government spending. The Commerce Department already does this.MarketWatch - 3d -
Trump doubles down on tariffs in address to Congress; Administration may change GDP calculation
President Trump reinforced his decision to impose tariffs against Mexico, Canada and China during his address to Congress Tuesday night. CBS News business analyst Jill Schlesinger has more on that ...CBS News - 1d -
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Debt and defence headache for Merz after AfD and far left make gains
Election winner could struggle to reform strict borrowing rules due to opposition in next parliamentFinancial Times - Feb. 24 -
German parliament in race against time to sign off on new defence fund
Friedrich Merz, expected to be next chancellor, has spoken of urgent need for ramped-up defence, but ‘blocking minority’ could form in future Bundestag. Germany’s outgoing parliament could be asked ...The Guardian - Feb. 25 -
James Landale: Will Starmer's defence hike win over Trump?
The prime minister has set out plans to increase defence spending to 2.5% of national income by 2027.BBC News - Feb. 25 -
The papers: UK ramps up defence budget and Europe's 'fight for peace'
The government's increase in defence spending and developments between Ukraine and the US dominate Wednesday's papers.BBC News - Feb. 25 -
Can Europe still count on the US coming to its defence?
Trump has engaged Putin and hinted the US may not defend European allies, causing alarm about Nato's future.BBC News - Feb. 26 -
China’s defence ministry warns Taiwan ‘we will get you, sooner or later’
Threat after Taipei announces bigger military drills appears to mirror a line from children’s film Ne Zha 2. China’s defence ministry spokesperson has warned Taiwan “we will come and get you, ...The Guardian - 6d -
Ex-US defence chiefs urge congressional hearings on Trump’s military firings
Trump’s first defence secretary James Mattis among five to express alarm at ‘reckless’ dismissals of top military figures. US politics live – latest updates Five former US defence secretaries ...The Guardian - 6d -
If the best defence against AI is more AI, this could be tech’s Oppenheimer moment
An unsettling new book advocates a closer relationship between Silicon Valley and the US government to harness artificial intelligence in the name of national security. Oscar Wilde’s quip, “Life ...The Guardian - 4d -
Europe juggles protecting Ukraine with rebuilding its own defences
Also in this newsletter: the free market case for more green subsidiesFinancial Times - 3d -
European defence shares jump as blistering rally gathers pace
Euro surges after pressure builds on continent’s governments to boost military spendingFinancial Times - 2d -
EU to propose new common fundraising to fuel defence splurge
Also in this newsletter: Ireland moves to relax its rules for deploying peacekeepersFinancial Times - 2d -
Fears Ukraine defences will last only months without US
One Ukrainian soldier said the impact of the US aid pause would be "measured in lives"BBC News - 1d -
Germany’s future coalition partners to relax debt rules to boost defence budget
Conservative alliance and Social Democrats to propose exempting spending of more than 1% of GDP on defence. The prospective partners in Germany’s next government have said they will seek to loosen ...The Guardian - 1d -
EU think-tank looks to ETFs to boost European defence companies
There has been a surge in interest in weapons makers, but current ETFs offer only global exposureFinancial Times - 1d -
UK defence secretary to discuss ‘parameters’ of Ukraine peace plan in US talks
John Healey flies to Washington to persuade American counterpart to offer military ‘backstop’ for European forceFinancial Times - 1d -
Class UK defence investments as ethical, Labour MPs urge banks
Letter to lenders and fund managers seeks to sweep away elements of ESG rules that hamper arms companiesFinancial Times - 11h -
Can Europe’s defence groups step up if Trump pulls back?
Region’s arms companies have been soaring but the US president’s approach could turbocharge their ascentFinancial Times - 11h -
Why Germany’s defence splurge pushes EU allies to follow suit
Also in this newsletter: cranking up the pressure on low-cost parcelsFinancial Times - 10h -
EU leaders in emergency meeting on region’s defence and Ukraine crisis
Europe’s backing for Kyiv faces resistance from Orbán as Trump turns US-European relations on their headFinancial Times - 6h -
Leonardo chief says Trump has given Europe ‘unprecedented’ urgency on defence
Italian group signs new joint venture with Turkish drone manufacturer BaykarFinancial Times - 5h -
‘Watershed moment’: EU leaders close to agreeing €800bn defence plan
Show of unity over Ukraine may be hampered by Hungary’s Viktor Orbán but consensus has built on need for spending. Europe live – latest updates European leaders holding emergency talks in ...The Guardian - 2h -
China government spending on citizens lags economic peers
Relatively low expenditure that directly supports individual consumption could undermine growth effortsFinancial Times - Feb. 23 -
English councils’ spending on emergency housing surges
Near-80% jump in expenditure to £732mn reflects increasingly acute homelessness crisis, says charityFinancial Times - Feb. 25 -
Elon Musk's approach to government spending sparks debate
As head of the Department of Government Efficiency, Elon Musk has taken an aggressive approach to budget cuts. Economist Oren Cass weighs in on whether this strategy is reform or reckless ...CBS News - Feb. 25 -
Judge indefinitely pauses Trump spending freeze
Click for more from The Hill. {beacon} Energy & Environment Energy & Environment The Big Story Judge indefinitely pauses Trump spending freeze A federal judge on Tuesday indefinitely blocked the ...The Hill - Feb. 25 -
The US risks a heavy price for cutbacks in research spending
Science funding cuts may hit long-term growth and reduce US appeal to foreign investors and talentFinancial Times - Feb. 26 -
Where NATO members rank on defense spending
President Trump has called on NATO allies to increase their defense spending to 5 percent, with only three countries currently meeting the 2 percent threshold, while NATO Secretary General Mark ...The Hill - Feb. 26 -
UK government insists consultancy spending cuts ‘on track’
Big firms won £1.5bn of UK government work in 2024, an increase on the previous two yearsFinancial Times - Feb. 27 -
Starmer pledges boost in UK defense spending
Ukrainian Prime Minister Keir Starmer pledged billions of dollars for defense spending before he met with President Trump at the White House. CBS News' Willie James Inman has more.CBS News - 6d -
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Chancellor set to cut welfare spending by billions
Cuts to areas including welfare will be put to the official forecaster ahead of the Spring Statement.BBC News - 1d -
Mets extend streak as top-spending MLB team
The Mets led the major leagues in spending for the third straight season in 2024 as total MLB spending, based on regular payrolls, rose 1.8% to $5.158 billion.ESPN - 1d -
Is spending all day on your feet at work an occupational hazard?
Spending all day standing can take a toll on a worker’s bodyABC News - Feb. 20 -
DOGE Puts $1 Spending Limit on Government Employee Credit Cards
The restrictions are already in place at the General Services Administration along with several other agencies. Soon they’ll roll out to most of the federal government, sources say.Wired - Feb. 20 -
Meta slashes staff stock awards as group embarks on AI spending drive
Most employees will receive about 10% less equity options this yearFinancial Times - Feb. 20 -
Every hour children spend on screens raises chance of myopia, study finds
Experts warn young people should have limited use of devices and spend more time outdoors. Every hour young people spend in front of screens increases their chance of being shortsighted, ...The Guardian - Feb. 21 -
White House pushes back on criticism of Trump spending cuts
White House press secretary Karoline Leavitt on Friday said Americans support the massive job and spending cuts President Trump has enacted across the federal government since returning to the Oval ...CBS News - Feb. 21
