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The Latest Breaking News from GDP

U.S. economy shrank 0.5% between January and March, worse than earlier estimates revealed

The U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump’s import taxes at least temporarily disrupted business, the Commerce Department reported Thursday in a a downgrade from its previous estimate

The Independent UK

NATO's New 5% Target For Defense A Win for Trump; Carney Turns To Critical Minerals

NATO's 32 member states agreed to increase defense spending to 5% of GDP by 2035, representing a significant increase from the long-standing 2% benchmark.

Benzinga

Stocks Climb Before the Open as Trump Fuels Bets on Faster Fed Rate Cuts, U.S. GDP Data in Focus

September S&P 500 E-Mini futures (ESU25) are up +0.33%, and September Nasdaq 100 E-Mini futures (NQU25) are up +0.41% this morning amid speculation that U.S. interest rate cuts could arrive earlier than expected, following a report that U.S. President Donald Trump may nominate the next Federal Reserve chair early.

Barchart

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Trump news at a glance: ‘Daddy’ Trump showered with praise on triumphant lap through Nato summit

Trump celebrated commitment by Nato allies to boost defence spending to 5% of GDP. Key US politics stories from Wednesday 25 June 2025

The Guardian - US

Australia sticks to guns on defence as allies shell out

Australia is doubling down in resisting US pressure for its allies to lift defence spending, as retaliation is promised for nations refusing to comply.

AAP

NATO countries’ budgets compared: Defence vs healthcare and education

The decision by NATO members on Wednesday to spend five percent of their GDP on defence could shift budget priorities.

Al Jazeera

NATO commits to major defence spending hike sought by Trump

The bloc agrees to boost spending to 5% of GDP, but Spain, Belgium and Slovakia say they will struggle to meet target.

Al Jazeera

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Defence spend to 5% of GDP, Ukraine, Russia: The key takeaways from the NATO summit

The summit ended with a commitment to spend 5% of GDP on defence - more than double the current target of 2%.

Euronews

NATO backs defence hike as Trump claims victory, but doubts linger

NATO leaders meeting in The Hague on Wednesday agreed to raise defence spending to 5 percent of GDP and reaffirmed their mutual defence pledge – steps Donald Trump hailed as a “monumental win” for the US, which he says has carried an unfair share of the burden. But while all…

Radio France Internationale

NATO boss praises ‘Dear Donald’ for pushing alliance to boost defense spending: ‘You made this change possible’

Secretary General Mark Rutte credits Trump with pushing for ‘concrete plan’ to have member nations spend at least five percent of GDP on defense

The Independent UK

NATO's 1.5%: Is this the devil in the detail that could derail the new spending deal?

The new NATO spending target has a 1.5% for non-military expenses. Its interpretation however is vague and could spark "opportunistic" divisions.

Euronews

NATO leaders want to appease Trump, but spending billions more on the defense alliance ‘would be just crazy for Europeans,’ foreign policy expert says

The spending target the military alliance just agreed on is unlikely to be met by all countries, but experts say some members are moving to bolster their defenses in case of a future Russia conflict.

Fortune

Fed's Schmid Says 'Wait-and-See' Approach Right For Rate Policy As Tariff Fallout Still Unclear

Kansas City Federal Reserve President Jeff Schmid said on Tuesday that the central bank has sufficient time to analyze rising import tariff impacts on inflation and economic growth before implementing further interest rate cuts.What Happened: “The current posture of monetary policy, which has been characterized as ‘wait-and-see,’ is appropriate,” Schmid…

Benzinga

Starmer: No tax rises on working people to reach 5% defence spending pledge

He said the current commitment to get defence spending up to 2.5% of GDP was coming from cuts to overseas development aid.

Evening Standard

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The Guardian - UK

Europe’s pledge to spend more on military will hurt climate and social programmes

Nato plan to increase military spending overlooks risks to security posed by environmental breakdown and social decay, say economists

Roll Call

Dropping F-bomb, Trump heads to NATO summit angry with Israel and Iran - Roll Call

President Donald Trump lashed out at Israel and Iran before he jetted off for a NATO summit in the Netherlands amid global tensions.

Benzinga

Cathie Wood's ARK Invest Predicts $250 Billion GDP Boost From Humanoid Robot Adoption: TSLA, NVDA, AMD To Drive AI Revolution

In a recent report, Cathie Wood‘s ARK Invest has said that the widespread adoption of humanoid robots could potentially unlock a massive $250 billion in untapped gross domestic product (GDP).

The Independent UK

Germany to raise defense spending to 3.5% of GDP in 2029

Germany’s finance minister has vowed to lift the country’s defense spending to 3.5% of gross domestic product in 2029

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news in one place.

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The Independent UK

France and Germany pledge ‘unshakeable determination’ in face of Russian threat

World leaders have convened in the Netherlands for a two-day Nato summit, with a key objective to endorse a new defence spending target of 5 per cent of each country’s GDP. French president Emmanuel Macron and German chancellor Friedrich Merz jointly expressed support for US efforts to preserving Ukraine's sovereignty…

Al Jazeera

Who is attending the NATO summit and what’s on the agenda?

Continued support for Ukraine amid Russian aggression as well as higher defence spending by allies are key topics.

The Guardian - UK

Nato summit expected to be triumphant for Trump and deflating for Ukraine

US president likely to be in self-congratulatory mood, with most allies persuaded to sign up to defence spending target

The Guardian - UK

Nato members willingly increasing defence spending amid rising threat from Russia, says Rutte

Exclusive: As alliance members arrive at The Hague summit, secretary general says Moscow capable of launching attack within three to five years

The Independent UK

Trump’s strikes on Iran could upend delicate plans for NATO summit deal on defense spending

NATO leaders hoping summit will result in commitment to spending 5 percent of GDP on defense amid threats from Russia

Evening Standard

UK to spend 5% of GDP on security as wars rage in Europe and Middle East, says Starmer ahead of Nato summit

The Prime Minister stressed Britain has been plunged into an ‘era of radical uncertainty’ by growing threats

The Guardian - UK

UK will commit to spending 5% of GDP on defence by 2035

Keir Starmer says investment in national security will also deepen Britain’s commitment to Nato

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