President Donald Trump announced Monday he would ask Congress for a nearly 10 percent increase in defense spending and a large reduction in foreign aid, as he offered a taste of his upcoming budget.
European Commission President Jean-Claude Juncker said on Thursday that Europe must not cave in to U.S demands to raise military spending, arguing that development and humanitarian aid could also count as security.
Japanese Prime Minister Shinzo Abe's government on Thursday approved an increase in defense spending to record levels to counter growing Chinese military power in the East China Sea and an escalating North Korean ballistic missile threat.
Brazil's Senate approved a 20-year freeze on government spending billed as the centerpiece of austerity reforms aimed at restoring economic health to the troubled Latin American giant.
Japan's millennials have grown up in an economy that never seems to grow.
Japan's third-quarter GDP was weaker than thought with a 0.3 percent expansion, revised data showed Thursday, as slack corporate spending held back the world's number three economy.
Japan's economy essentially stalled in the April-June quarter, missing market forecasts and rekindling worries about the government's faltering bid to stoke a recovery, government data showed Monday.
Food and drink purchases led a rise in spending by New Zealanders on their debit and credit cards last month, the government statistics agency said Wednesday.
Average monthly household spending in Japan dropped 2.7 percent in 2015 from a year earlier to 247, 126 yen (2,154 U.S. dollars) in price-adjusted real terms, the Internal Affairs and Communications Ministry said in a report on Tuesday.
New Zealanders stepped up shopping on their credit and debit cards last month, with spending on apparel leading the increase as winter took hold, the government's statistics agency said Tuesday.
Indonesia's economy expanded at the slowest pace since 2009 in the second quarter as the government spending and exports remain subdued.
The final budget of the current British parliament contained headline policy items that will benefit households, home-buyers, and businesses as well as policy directions that will see the size of the government cut back to almost its smallest since the 1930s.
U.S. stocks surged to close at record highs Monday, with the Nasdaq Composite Index above the round-number mark of 5,000 points for the first time since March 2000, as investors meditated on downbeat economic data and an interest rate cut in China.
The U.S. President Barack Obama announced a record 4 trillion-U.S.-dollar budget proposal for 2016 on Monday, as he sought to boost spending on infrastructure, education and research to make the country more competitive and strengthen the lackluster middle-class.
The U.S. President Barack Obama announced a record 4 trillion-U.S.-dollar budget proposal for 2016 on Monday, as he sought to boost spending on infrastructure, education and research to make the country more competitive and strengthen the lackluster middle-class.
Online retailing in Australia experienced a slowdown in November, with sales contracting 0.2 percent compared to October, and sales now only 3.9 percent higher compared to a year ago, a new report revealed on Tuesday.
The U.S. Senate approved a 1.1-trillion-U.S.-dollar spending bill for fiscal year 2015 on Saturday and averted another government shutdown.
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