President Donald Trump’s White House announced last week that it will start to independently track news organizations that it determined were biased in their reporting under a section on WhiteHouse.gov under Media Bias.
Category: 2 December 2025
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U.K. RAISES TAXES FOR SECOND YEAR IN A ROW
The administration of British Prime Minister Keir Starmer will levy an additional £26 billion (about $34 billion) in taxes by 2030, chief financial officer Rachel Reeves announced last week.
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MILITARY-INDUSTRIAL-COMPLEX BOOM: QUANTUM, THE GERMAN SPY DRONE COMPANY IS. NOW VALUED AT $3 BILLION
The race by European countries to invest in drone capabilities has helped propel Quantum, a Bavaria-based company, to a $3 billion valuation as the company considers an eventual IPO.
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EUROPE’S FIRST MILITARY SPACE PROJECT SECURES MOST FUNDING NEEDED AMID BELIEVED THREAT FROM RUSSIA, CHINA
The Europeans are continuing their military buildup, this time announcing that they secured nearly all the funding needed for the European Resilience from Space project that aims to counter the perceived threat from Russia and China.
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FIXED-ASSET INVESTMENT FALLS SHARPLY IN CHINA
Chinese President Xi Jinping’s mandate to reduce factories’ overcapacity and cutthroat competition in the country’s industrial sector seems to have had an impact: investment in fixed assets such as factory machinery dropped 1.7 percent through October this year compared to the same period in 2024.
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WASTE OF MONEY: TAIWAN AIMS TO SPEND $40 BILLION ON WEAPONS AMID CHINA THREAT
Lai Ching-te, Taiwan’s president, said last week that he will seek an additional $40 billion in military spending—on top of its regular military budget—to improve its defenses in the event of an invasion by China.
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MACRON AIMS TO RAMP UP FRANCE’S MILITARY SIZE, FOCUSES ON THE YOUNG VOLUNTEERS
French President Emmanuel Macron announced last week that Paris will begin a new program next summer that will allow 18- and 19-year-olds to volunteer in the country’s military to meet what he sees as the growing threat to the east from Russia.
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EUROZONE IN DANGER FROM TOO MUCH GOVERNMENT SPENDING, EU SAYS
Because of past and present “immense demands on public finances,” several Eurozone countries face fiscal “sustainability risks,” according to the European Commission’s (EC’s) new assessment of member countries’ compliance with rules governing public spending.
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AGING POPULATION WILL CRIMP LIVING STANDARDS, STUDY WARNS
An aging workforce and falling birth rate will combine to drop the annual GDP in Europe and China by 2050, a study by the European Bank for Reconstruction and Development (EBRD) has warned.
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GAZA DEATH
The death toll inside Gaza reached 70,112 Palestinians—mainly women and children—and 170,986 injuries as Israel continues to violate the 11 October ceasefire brokered by the U.S.