UK to raise defence spending to 2.5% of GDP by 2027

Starmer commits to raise UK defense spending to 2.5% of GDP by 2027

Prime Minister Keir Starmer says the U.K. will raise defense spending to 2.5% of gross domestic product by 2027

ABC News - 10h

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, ...

The Guardian - 5h

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 - 7h

Keir Starmer urged to ramp up defence spending – UK politics live

This is ‘probably one of the most alarming times for Britain’s defence since the second world war’, says Lib Dem leader Ed Davey as he calls for more spending. The Democratic Unionist Party has ...

The Guardian - 4d

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 - 5h

Starmer cuts aid to fund increase in defence spending

The prime minister sets out plans to increase defence spending to 2.5% of national income by 2027.

BBC News - 5h

Why Germany’s debt rules are a bellwether for EU defence spending

Also in this newsletter: can European lawmakers convince the US to change its tone on digital taxes?

Financial Times - 17h

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 - 4d

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

‘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 - 1d

EU and UK in talks about Europe-wide defence funding amid fear of US pullback

Donald Trump’s re-engagement with Russia has given new urgency to European discussions

Financial Times - 1d

Apple cheers Trump with $500bn US investment plan; UK defence firm Chemring ‘targeted’ by private equity firm – business live

One of the world’s largest private equity investors has made an approach to buy Chemring, the FTSE 250 defence group, Sky News reports. German election live: Merz says priority is to make Europe ...

The Guardian - 1d

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CBS Sports - 1h

Fluidstack in talks to raise $200m

Yahoo News - 4d

PayPal lays out strategy for Venmo to reach $2 billion in revenue in 2027

Facing competitors like Cash App, Zelle, and Apple Pay, PayPal is focused on expanding Venmo’s role in digital commerce.

CNBC - 8h

Labour cannot ignore Trump’s impact on defence

The tough choices the government needs to make will inevitably mean talking about defence spending in the open

Financial Times - 14h

Steinbrenner: No edict for Yankees to spend less

Yankees owner Hal Steinbrenner said Friday that he has not ordered his front office to drop the team's player payroll, adding, "We know what our fans expect."

ESPN - 3d

China government spending on citizens lags economic peers

Relatively low expenditure that directly supports individual consumption could undermine growth efforts

Financial Times - 2d

English councils’ spending on emergency housing surges

Near-80% jump in expenditure to £732mn reflects increasingly acute homelessness crisis, says charity

Financial Times - 18h

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 - 7h

German Defence Minister Pistorius laments 'catastrophic' SPD result

Yahoo News - 2d

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 parliament

Financial Times - 1d

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 - 5h

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 - 2h

A Trump DOGE Dividend Could Raise Inflation

President Trump floated giving taxpayers a piece of any savings that Elon Musk’s cost-cutting generates, which could reignite inflation.

The New York Times - 5d

OpenInfer raises $8M for AI inference at the edge

OpenInfer has raised $8 million in funding to redefine AI inference for edge applications. It’s the brain child of Behnam Bastani and Reza Nourai, who spent nearly a decade of building and scaling ...

VentureBeat - 5d

Yankees sign manager Aaron Boone to 2-year extension through 2027 season

The Yankees have made three trips to the ALCS and one World Series appearance in seven seasons under Boone.

Yahoo Sports - 5d

Yankees and manager Aaron Boone agree to 2-year contract extension through 2027 season

Aaron Boone and the New York Yankees have agreed to a two-year contract extension through the 2027 season

ABC News - 5d

Report: Dodge looking to rejoin NASCAR Truck Series in 2026 ahead of 2027 Cup Series move

The manufacturer last fielded Cup Series teams in 2012.

Yahoo Sports - 2d

UK pledges £200mn for Grangemouth refinery

Investment comes amid growing pressure to ensure just transition for workers at Scottish facility

Financial Times - 2d

Ranking the biggest moves of the 2024-25 MLB offseason

With MLB games just weeks away, let's take a look back on the most impactful moves of the offseason. Juan Soto heading to the Mets leads the way.

NBC News - 1d

Top 25 rankings, play of the week and what to watch

As college baseball is in full swing, here's how the top 25 looks.

ESPN - 1d

The 25 M.L.B. Rookies Who Will Shape the 2025 Season

These prospects may be new to the big leagues, but they should still deliver plenty of value, a columnist for The Athletic writes.

The New York Times - 1d

Rankings: The top 25 teams after Week 3

Here's the updated college softball Top 25 poll after Week 3.

ESPN - 5h

Is spending all day on your feet at work an occupational hazard?

Spending all day standing can take a toll on a worker’s body

ABC News - 5d

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 - 5d

Meta slashes staff stock awards as group embarks on AI spending drive

Most employees will receive about 10% less equity options this year

Financial Times - 4d

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 - 4d

Top Justice Department prosecutor resigns over climate spending probe

A top prosecutor with the Department of Justice resigned after refusing to take part in a probe of Biden-era climate spending. CBS News national environmental correspondent David Schechter reports.

CBS News - 4d

UK to raise defence spending to 2.5% of GDP by 2027

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