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The Latest Breaking News from GDP

The Standard View: So, Rishi, Liz, Sajid, Suella, Jeremy, Kemi, Penny, Grant, Nadhim and Tom: Where’s the money to cut tax coming from?

Perhaps the most useful thing the candidates for the Tory party leadership might do over the next few days is to read the sobering report last week by the Office for Budget Responsibility. That report points out that “at over 90 per cent of GDP, public debt is now more…

Evening Standard

UAE Sees 47% Growth in Non-Oil Exports

Dubai Ruler Sheikh Mohammed bi Rashid Al Maktoum, UAE Vice President and Prime Minister, chaired the cabinet session held at Qasr Al Watan in Abu Dhabi on Thursday. He announced that the UAE’s non-oil exports grew by 47%, the foreign direct investment flow increased by 16%, and the number of…

Asharq Al-Awsat

The Pacific’s spiralling debt – and what governments can do about it

Rising debt and declining income seem to add up to an austere future for Pacific Island nations. But belt-tightening may make things worse.

360info

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UK’s ‘unsustainable’ debt could reach 320% of GDP in 50 years, OBR warns

Taxes ‘must be raised to offset mounting cost of ageing population and falling fuel income’

The Guardian - UK

Spain boosts military spending to close gap with NATO goal

Spain is increasing military spending as it works toward meeting a NATO commitment by dedicating 2% of gross domestic product to defense

The Independent UK

Committee revises up GDP growth forecast

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has revised up its 2022 GDP growth forecast to at least 2.75%, up from 2.5%, but soaring inflation remains a wild card.

Bangkok Post

Boris Johnson admits higher defence spending is a ‘prediction’ and not a commitment

Tory alarm as prime minister waters down 2.5% of GDP ’pledge’ – made only four days ago

The Independent UK

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Ukraine FM Rules out Russian Use of Nuclear Weapons, Calls for Isolating Moscow over its Threats

The world is laying out the worst scenarios for the Russian-Ukraine war.

Asharq Al-Awsat

Recession is Here...Watch Out Below!

More and more it looks like recession is here. This includes a dramatic decline for ISM Manufacturing discovered this morning. As you likely know, most economist call manufacturing the "canary in the coal mine" for the US economy as it often shows weakness before other areas. In fact, GDP Now…

StockNews.com

Summers, Others Cite Growing Chance of Recession

GDP shrank an annualized 1.6% in the first quarter, and some experts anticipate another drop in the second quarter.

The Street

Boris Johnson’s 2030 military spending pledge ‘feeble’, say senior Tories

PM commits to increase military spending to 2.5% of GDP by the end of decade

The Independent UK

UK defence spending to increase by end of decade, claims Boris Johnson

The Prime Minister pledged that UK defence spending would reach 2.5 per cent of GDP by 2030 but is not matching the budget with rising inflation this year

Daily Record

Johnson pledges £55bn more defence cash for 2020s amid Russia threat

The PM committed Britain to increasing spending to 2.5% of GDP by the end of the decade and urged Nato allies to boost their own military budgets.

The Independent UK

Boris Johnson commits to raising UK defence spending to 2.5% of GDP by end of decade

The Prime Minister said that the ‘cost of freedom’ is ‘always worth paying’

Evening Standard

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Evening Standard

Bad peace for Ukraine would be appalling for the world, says Boris Johnson

Boris Johnson also pledged to spend 2.5% of GDP on defence by the end of the decade

The Independent UK

Johnson commits to raising UK defence spending to 2.5% of GDP by end of decade

The Prime Minister said that the ‘cost of freedom’ is ‘always worth paying’.

Daily Mirror

Boris Johnson pledges to raise UK defence spending to 2.5% - but only by 2030

The Prime Minister said the 'logical conclusion' of his plans was that defence spending would rise from 2% to 2.5% of GDP - but only by the end of the decade and he didn't spell out exactly how

Wales Online

People's disposable income has fallen constantly for a year for first time ever, figures show

It's the first time ever that real disposable income has fallen for four quarters in a row

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Evening Standard

Millions of families across UK see disposable income squeezed now for a year, according to official figures

Millions of families across Britain have seen their disposable incomes squeezed for a year as the cost-of-living crisis grows, according to official figures.

Crikey

NATO criticises China’s ‘coercive policies’ as regional arms race builds

Total global military spending reached record levels in 2021, and the number of weapons being purchased worldwide only continues to grow.

Benzinga

As US Economy Weathers Inflation, GDP Growth Turns Negative: Are We Headed For A Recession?

For the first time since the start of the COVID-19 pandemic in 2020, the Bureau of Economic Analysis has reported a decrease in real gross domestic product –— GDP.

Benzinga

Why U.S. Stocks Are Trading Higher, GDP Report And More

U.S. stocks traded higher this morning, with the Dow Jones gaining around 180 points on Wednesday.

Benzinga

U.S. Stock Futures Edge Higher; GDP Report In Focus

Pre-open movers

The Guardian - UK

Wednesday briefing: Defence secretary Ben Wallace goes on the warpath over military spending

In today’s newsletter: As Boris Johnson, armed forces leaders and Wallace give mixed signals on military spending plans, Archie Bland tries to make the numbers add up

Evening Standard

Boris Johnson tells Nato leaders they must ‘dig deep’ on defence spending as threats grow

Boris Johnson has urged Nato allies to “dig deep” and spend more on defence, warning that threats to the West over the next decade are set to grow.

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