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The Latest Breaking News from GDP

Boost UK defence spending to win Trump’s support, former navy chief urges Starmer

Lord West says Republican victory is chance to show Britain is willing to prioritise military by allocating 3% of GDP

The Guardian - UK

‘Budget emperor has no clothes’ says shadow minister as MPs continue debate

The final day of debate on Labour’s first Budget in 14 years is taking place in the Commons.

The Independent UK

Asia braces for disruption to alliances, trade after Trump’s victory

Following decisive election win, Trump is expected to pursue more aggressive version of his ‘America first’ vision.

Al Jazeera

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Extreme weather has already cost vulnerable island nations $141 billion – or about $2,000 per person

Two years ago, when the curtain fell on the COP27 summit in Sharm El Sheikh, Egypt, developing nations on the frontline of climate change had something meaningful to celebrate.

The Conversation

The Internet's Defenders Are Running Out of Money—And We're All at Risk

Small businesses represent 43.5% of the American GDP. These underdogs employ 61.6 million people and provide critical products and services to communities across the nation.

International Business Times

US Election 2024: How does the US measure up to the rest of the world?

The US has the largest economy in the world, the highest healthcare costs and the biggest military budget.

Al Jazeera

Russia fines Google $2.5 decillion for YouTube bans—eclipsing global GDP

It would take more than 33 quintillion years for Google to pay Russia based on its annual profits last year.

Fortune

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Russia Demands Decillion From Google For Blocking Channels

Russia demands an astronomical sum from Google for fines related to blocked YouTube channels, exceeding global GDP.

Top News

US Economy Achieves Rare 'Soft Landing' Amid Election Uncertainty

US economy achieves soft landing with 2.8% GDP growth in Q3, driven by consumer spending and controlled inflation.

Barchart

Nasdaq Futures Climb on Upbeat Alphabet Results, U.S. GDP Data and More Big Tech Earnings on Tap

December Nasdaq 100 E-Mini futures (NQZ24) are trending up +0.28% this morning as strong quarterly results from Alphabet boosted sentiment, while investors also awaited a fresh batch of U.S. economic data and earnings reports from “Magnificent Seven” companies Microsoft and Meta.

The Guardian - UK

US economic growth slows, as Germany avoids recession and France gets Olympics boost – as it happened

Eurozone GDP grew by 0.4% in the last quarter, faster than expected, as Germany’s economy avoids second contraction in a row

International Business Times

US Economy's Solid Growth Unlikely To Register At Ballot Box

The US economy is set to report another quarter of solid growth Wednesday, less than a week before the presidential election, but analysts say it remains unclear if positive data can sway inflation-weary voters.

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Reason

Increase in Tariffs Would Trigger Global Economic Decline, Study Finds

A new IMF study finds that a global increase in tariffs could decrease global GDP by nearly 1 percent by 2025 and over 1 percent by 2026.

The Conversation

Palestine’s economy teeters on the brink after a year of war and unrelenting destruction

The Palestinian economy has been devastated beyond recognition. Israel’s intense military operations in Gaza have led to unprecedented destruction, wiping out much of the enclave’s essential infrastructure, private property and agricultural resources.

The Guardian - UK

UK loses out on £19bn in annual GDP growth due to lack of social mobility

Co-op/Demos report details how people from lower socioeconomic backgrounds are far less likely to earn good incomes

Kiplinger

Trump Tariff Plan: Which States Would Be Hit the Hardest?

Donald Trump's tariff policy would substantially increase prices in as many as 20 states.

The Conversation

GDP is an outdated way of measuring the health of the economy – it doesn’t reflect the health of people or the planet

Economics and economic policy need a rethink. This is clear from the scale of inequality, joblessness, insecurity and environmental disasters we see in the world.

The Guardian - UK

Lithuanian election winner promises to bolster defence to counter Russia threat

Social Democrat leader says spending should be no less than party’s election manifesto pledge of 3.5% of GDP

Barchart

Stocks Set to Open Higher as Investors Await Key U.S. Economic Data and Big Tech Earnings

December S&P 500 E-Mini futures (ESZ24) are up +0.37%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.48% this morning as investors looked ahead to earnings reports from some of the biggest tech heavyweights as well as key economic data, including a payrolls report, the Fed’s favorite inflation gauge,…

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