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The Latest Breaking News from GDP

US inflation hits new 40-year high; euro dips below dollar for first time since 2002 – as it happened

Stocks fall after US inflation jumps to 9.1%, as UK economy grows faster than expected by 0.5% in May

The Guardian - UK

The 5 Most Active Stocks to Watch Right Now

As many economists are cutting down GDP forecasts for the second quarter, market uncertainties are expected to increase. Therefore, one could consider investing in stocks showing resiliency and trading at high volumes. Clovis Oncology (CLVS), Advanced Micro Devices (AMD), Roblox (RBLX), Ford Motor (F), and Marathon Digital (MARA) have been…

StockNews.com

Grant Shapps vows to increase defence spending to 3% of GDP

The Transport Secretary’s Tory rival Rishi Sunak is preparing to launch his bid for No 10 with a pledge to cut taxes.

The Independent UK

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Jeremy Hunt pledges defence spending hike to 3% of GDP

The Tory leadership hopeful said cuts to the Army are ‘unthinkable’ as he promised to cancel them in the face of Russian aggression.

The Independent UK

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

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

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

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Daily Record

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

The Independent UK

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.

Evening Standard

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

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

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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

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.

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

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