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The Latest Breaking News from GDP

A second Trump presidency would send Australia down a dark economic path. Here’s how it might play out

Under Trump’s tariff plans, our GDP would take a hit amid a nightmare trade war – and while we’re at it, forget emissions reductions or global agreements

The Guardian - AU

Australia’s environment could be fixed and threatened species saved for just 0.3% of GDP, experts say

Wentworth Group of Concerned Scientists estimates $7.3bn a year for 30 years could avoid most extinctions, repair soils and restore rivers

The Guardian - AU

UK's strategic defence review: what does it involve?

Sir Keir Starmer is under increasing pressure to announce a date for the increase in defence spending to 2.5% of GDP

Evening Standard

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"This thing is the Sistine Chapel of consumer hardware, probably responsible for $80b in increased GDP" — This mouse is a viral sensation and a Prime Day saving you don't want to miss

The Logitech MX Master 3S for Mac is one of the most iconic mice of all time.

iMore

FTSE 100 Live 15 July: Boss ousted as Burberry suspends dividend, China GDP disappoints

Burberry today suspended dividends and said its chief executive had left in the wake of more tough trading.

Evening Standard

Why Did Americans Stop Caring About the National Debt?

Both parties—and the voters—are to blame for the national debt fiasco.

Reason

Healthier economy may delay interest rate cuts in a blow for borrowers

The Office for National Statistics said gross domestic product, or the output for the economy, increased by 0.4 per cent in May

The Independent UK

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FTSE 100 Live 11 July: GDP recovery continues, index higher but lags global progress

Better-than-expected GDP figures today gave an early boost to new Chancellor Rachel Reeves.

Evening Standard

UK politics: minister cites ‘strict spending controls’ amid calls to scrap two-child benefit cap – as it happened

Environment secretary Steve Reed says Labour must ‘stabilise the economy after 14 years of Conservative chaos’

The Guardian - UK

UK economy back to growth as it expands faster than expected in May

Britain’s GDP grew by 0.4 per cent in May, after no growth was recorded in April due to low consumer spending

The Independent UK

Why neither growth nor degrowth make sense as long-term objectives for Australia’s economy

What we need to reduce is the ‘throughput’ of the residual industrial economy

The Guardian - AU

60% of newly-arrived migrants have found jobs and are boosting the U.S. economy, study shows

A report by the Dallas Fed explained that recent immigration has added nearly two million newly-employed workers, contributing to higher GDP growth

Latin Times

African urbanisation: what can (and can’t) be learned from China about growing cities

The economic growth paths of Asian and African countries have often been compared. China, with gross domestic product per capita of US$251 in 1987, was poorer than most African countries at the time. Uganda’s GDP per capita was US$392, Zambia’s US$319 and Ghana’s US$354. Yet today China has GDP per…

The Conversation

Keir Starmer under pressure to increase defence spending ahead of first Nato summit as PM

A day after the deadliest strikes by Vladimir Putin’s forces in Ukraine for months, the Labour leader is facing calls to hike spending on defence towards 3 per cent of GDP to keep Britain safe

The Independent UK

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The Conversation

Nato at 75: a muted celebration for an alliance facing uncertain times

Nato leaders will have much to celebrate when they gather in Washington for the alliance’s 75th anniversary this week. Sweden will be welcomed to its first summit as a Nato ally. The leaders will also note progress on defence budgets – in 2024, 23 of the 32 allies will meet…

The Conversation

South Africa’s new agricultural leadership should focus on getting things done, not designing new policies

South Africa’s primary agriculture sector accounts for nearly 3% of GDP and about 8% when considering the value of agro-processing. But it can contribute even more to economic growth that delivers benefits fairly across society and creates jobs.

Al Jazeera

Why has the UK’s economy grown so slowly under the Tories?

Economic growth under Conservative government is lowest since 1826, experts say.

The Guardian - UK

Next PM likely to inherit improved economy after UK growth revised up

Updated quarterly GDP confirms UK was fastest-growing economy in G7 with consumer confidence returning

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news in one place.

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Evening Standard

FTSE 100 Live 28 June: Index closes lower, S&P tops 5,500, Nike shares tumble, GDP revised higher

An upward revision to first quarter GDP today boosted the mood around UK-focused stocks.

The Guardian - UK

UK growth revised higher in boost to next government; risk premium on French debt highest since 2012 – as it happened

UK GDP rose by 0.7% in January-March, according to the latest quarterly national accounts which show the state of the UK economy

Barchart

Stocks Muted Before the Open as Investors Await Key U.S. GDP Data, Nike Earnings on Tap

September S&P 500 E-Mini futures (ESU24) are down -0.07%, and September Nasdaq 100 E-Mini futures (NQU24) are down -0.10% this morning as market participants awaited a flurry of U.S. economic data, a presidential debate, and an earnings report from the world’s largest shoemaker Nike.

Barchart

Nasdaq Futures Fall as Micron’s Sales Outlook Disappoints, U.S. GDP Data and Nike Earnings in Focus

September Nasdaq 100 E-Mini futures (NQU24) are trending down -0.23% this morning as an underwhelming sales forecast from chipmaker Micron weighed on sentiment, while investors awaited a flurry of U.S. economic data, a presidential debate, and an earnings report from the world’s largest shoemaker Nike.

The Guardian - UK

A better way to measure the UK’s health and happiness

Letters: Government policies should be judged by their effect on the life satisfaction of the population, not by economic growth alone, says Prof Richard Layard. Plus letters from Sarah Davidson and Ethan Oshoko

inkl

Profit from Predictions: Using the Economic Calendar to Anticipate Market Trends

Depending on what you believe, this pioneering text may explain why so many smart individuals lose sleep over their portfolios but cannot forecast exciting, innovative industries like social networks.

Fortune

The national debt is over $34 trillion. It’s time to tell the truth about the U.S. government’s finances

The U.S. government will pay close to $900 billion this year just in interest payments on the national debt.

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