Spending Sparks Debate

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 - 13h

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 - 14h

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 - 9h

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 - 7h

US House passes budget resolution to cut taxes and spending by trillions

Bill would lead to large increase in America’s deficit, independent analysts say

Financial Times - 4h

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 - 4h

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 - 4h

Don’t mention the war: in Germany, politicians are hiding the truth about defence spending | Paul Taylor

By centring the discourse on immigration, MPs have handed support to the far right – and hidden a ticking economic timebomb from voters. The candidates to lead Germany’s next government are ...

The Guardian - 5d

Netflix Plans to Spend $1 Billion Making Content in Mexico Over the Next 4 Years

Netflix CEO Ted Sarandos says the money will go toward projects like Alfonso Cuarón’s film Roma, which was made in Mexico and went on to international acclaim.

Wired - 5d

‘No more excuses’: Europe under pressure on defence spending three years after Russian invasion

Continent is being told to take more responsibility for its own defence in light of US president’s overtures to Putin. A few days after Vladimir Putin sent Russia’s invading forces into Ukraine in ...

The Guardian - 2d

EU spends more on Russian oil and gas than financial aid to Ukraine – report

Europe estimated to have bought €22bn of fossil fuels from Russia in 2024 but gave €19bn to support Kyiv. The EU is spending more money on Russian fossil fuels than on financial aid to Ukraine, a ...

The Guardian - 2d

Starmer defends slashing aid budget to raise defence spending to 2.5% of GDP - UK politics live

Keir Starmer says now is the time to deepen European security, as he announces new defence budget by 2027. The rightwing historian Niall Ferguson is in the audience for Badenoch’s speech, ...