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The Latest Breaking News from GDP

Spain to reach NATO's spending goal of 2% of GDP on defense this year

Prime Minister Pedro Sánchez said Spain will meet NATO’s defense spending target this year as pressure grows on the eurozone’s fourth-largest economy and NATO laggard to boost its military expenditure

The Independent UK

Dutton promises Coalition would increase defence spending to 3% of GDP ‘within a decade’

Opposition Leader Peter Dutton will promise a Coalition government would boost Australia’s spending on defence to 2.5% of GDP within five years and 3% within a decade.

The Conversation

Booming City of London's GDP soars past the £100 billion mark for first time

The Square Mile’s output is on a par with those of entire national economies such as Morocco or Slovakia.

Evening Standard

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read the most diverse news in one place.

Re-arm, reassure and spend big: how the Asia Pacific is responding to a new era under Trump

The US president has upset global norms in the space of weeks, spurring a flurry of defence spending, diplomatic overtures and offers to boost trade

The Guardian - AU

Jamie Dimon fears reading a book in 40 years on 'How the West was lost' over military spending rows and tariff tactics

JPMorgan Chase CEO Jamie Dimon’s chief concern is that tariffs could prove a tipping point in the influence of the Western world.

Fortune

US-China trade war leaves NZ worse off, but still well placed to weather the storm – new modelling

Forecasting the potential impact of Donald Trump’s turbulent tariff policies is a fraught business – and fraught for business. The United States president has changed, paused and exempted various categories of goods so often, the only certainty is uncertainty.

The Conversation

Trump’s tariff policy is like Debashish Mohanty’s swing – unpredictable and accidental

Any minute now I'm expecting all hell to break loosePeople are crazy and times are strangeI'm locked in tight, I'm out of rangeI used to care, but things have changed.– Bob Dylan, Things Have Changed, Wonder BoysMaine revolver pehli baar uthaya hai…lekin itna jaanta hoon ki trigger dabane se goli…

Newslaundry

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Even on Pause, Trump's Trade War Runs Up a Big Price Tag

Predictions vary as to the ultimate cost, but there’s no doubt that tariffs create economic pain.

Reason

Week ahead: ECB rate decision, China’s GDP, and major company earnings

This week, the European Central Bank’s (ECB) interest rate decision will take centre stage. The bank is expected to continue reducing its benchmark policy rates amid mounting economic risks linked to tariffs. In Asia, China’s GDP will be closely watched by investors.

Euronews

UK economy sees unexpected growth spurt in February before tariff woes

Although February's GDP report was upbeat, it did little to boost investor sentiment as US tariff uncertainties continue to weigh on the British and global economy.

Euronews

OPINION - Jeremy Hunt: To unleash London’s financial prowess we must become Singapore-on-Thames

London, the brightest light in what was once the world’s first and greatest champion of free trade, is at a crossroads along with Britain. As the world closes up in damaging trade wars, we face difficult choices about how to survive. So it’s time to look to the other side…

Evening Standard

Voices: Strong GDP growth is unexpected good news for Rachel Reeves – but there’s a ‘but’…

COMMENT : The boost to the British economy from a jump in exports to the US will be short-lived – thanks to Trump’s trade war over tariffs, says James Moore

The Independent UK

GDP jump offers Rachel Reeves some light as UK enters Trump tariff tunnel

Growth defied forecasts that chancellor had hobbled economy, but trade war casts long shadow

The Guardian - UK

The euro as a safe haven: Is it here to stay?

While the euro's rise as a safe haven is promising, sustaining this trend requires more than just fiscal stimulus, S&P Global Ratings' Sylvain Broyer writes in a Euroviews exclusive.

Euronews

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The Guardian - UK

Starmer aiming to ‘pass emergency legislation in one day’ to save British Steel – as it happened

Parliament is being recalled on Saturday to vote on emergency legislation that will bring British Steel under government control

The Guardian - UK

UK economy far exceeds forecasts to grow 0.5% in boost to Rachel Reeves

February GDP rise was bigger than forecast but impact from Donald Trump’s tariff war has yet to come

Evening Standard

FTSE 100 Live 11 April: Index lower as trade war escalates, dollar at 3-year low

An uplift from forecast-beating UK GDP figures quickly faded today after Beijing announced higher tariffs in a deepening of the US-China trade war.

AAP

PM, Deputy PM at odds over NZ response to US tariffs

New Zealand's prime minister and deputy are at odds on the best response to US tariffs, believed to directly cost its economy around $NZ900 million.

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news in one place.

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The Independent UK

Madagascar risk losing 60,000 jobs in Trump’s tariffs

The African country’s textile and clothing sector employs around 180,000 people and accounts for around one-fifth of the country's GDP

The Conversation

Election Diary: Jim Chalmers highlights expectations of May interest rate cut - after the election

Amid the chaos of the tariff crisis and the dark clouds internationally, there is a potential silver lining for Australian mortgage holders.

The Independent UK

New Zealand to double defence spending to 2% of GDP

Cash injection of £4bn in just the next four years unveiled by Christopher Luxon amid rising global instability

Euronews

Economists slash eurozone growth forecasts as US tariffs shake outlook

Economists are slashing eurozone growth forecasts after Trump’s 20% tariffs on EU exports. Weaker trade, confidence, and investment now dominate outlooks, boosting expectations for ECB rate cuts, with April seen as likely. Inflation risks take a back seat for now.

Euronews

Working in Europe: How can social mobility boost the continent's economy?

A new study shows that Europe's progress on social mobility has stalled over the past decade, holding back the continent's combined GDP by an estimated €1.3 trillion.

The Conversation

New modelling reveals full impact of Trump’s ‘Liberation Day’ tariffs – with the US hit hardest

We now have a clearer picture of Donald Trump’s “Liberation Day” tariffs and how they will affect other trading nations, including the United States itself.

MarketBeat

SPY, QQQ: The S&P 500 Bounce: Relief Rally or Head Fake?

The S&P 500 and NASDAQ indexes rally attempt were both rejected at their respective 200 day moving averages after President Trump announce 25% auto tariffs.

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