Today: November 21, 2024
Today: November 21, 2024

Economy

Business|Economy|Europe

German producer prices fall 1.1% y/y in October

German producer prices fell in October, in line with expectations, decreasing by 1.1% on the year, the federal statistics office reported on Wednesday.

German producer prices fall 1.1% y/y in October
Economy|Europe|Finance

UK inflation jumps to 2.3%, underscoring BoE's stance for gradual rate cuts

British inflation jumped by more than expected last month to rise back above the Bank of England's 2% target and underlying price growth

UK inflation jumps to 2.3%, underscoring BoE's stance for gradual rate cuts
Business|Economy|Europe|World

Russian farmers ditch wheat for other crops after heavy losses

Russian farmers say they will sow less wheat after heavy losses this year, switching to more profitable crops such as peas, lentils,

Russian farmers ditch wheat for other crops after heavy losses
Business|Economy|Europe|US

In high-wage Germany, VW's labour costs outstrip the competition

As Volkswagen and unions gear up for the next round of talks over wages and plant closures in Germany, company and industry data

In high-wage Germany, VW's labour costs outstrip the competition
Business|Economy|Europe|Finance

HSBC relaunches 'Premier' brand in UK in pursuit of wealthy clients

HSBC is relaunching its 'Premier' wealth banking brand in Britain, targeting so-called mass affluent customers who have between 100,000 and 2 million pounds ($2.5

HSBC relaunches 'Premier' brand in UK in pursuit of wealthy clients
Asia|Business|Economy|World

Stock market today: Wall Street drifts as Target tumbles

U.S. stocks drifted to a mixed finish, though the modest moves for indexes masked some thrashing underneath the surface

Stock market today: Wall Street drifts as Target tumbles
Asia|Business|Economy|Finance

Thailand expects to distribute $4 billion in handouts in Q2 next year

Thailand expects to conduct the third phase of its cash handout stimulus programme in the second quarter next year, when 140 billion baht ($4.1 billion) will be distributed to 14

Thailand expects to distribute $4 billion in handouts in Q2 next year
Asia|Business|Economy|Finance|Stock Markets

China funds slash ETF fees, escalating price war in booming market

Major Chinese fund companies announced a big reduction in fees for a batch of equity exchange-traded funds (ETFs) on Wednesday, intensifying price competition in the

China funds slash ETF fees, escalating price war in booming market
Asia|Business|Economy|Finance|Stock Markets

How far could the Bank of Japan raise interest rates?

The Bank of Japan is laying the groundwork to raise interest rates again, but has left markets guessing how soon and at what pace it could push up still-low borrowing

How far could the Bank of Japan raise interest rates?
Economy|Finance|Stock Markets|US

Investors lift US dollar, focus on Federal Reserve outlook

The U.S. dollar rose on Wednesday, renewing its post-election rally after a three-session decline as investors looked for more insight on the Federal Reserve's

Investors lift US dollar, focus on Federal Reserve outlook
Business|Economy|Finance|World

Oil settles down on strong US supply, losses capped by Ukraine escalation

Oil prices settled lower on Wednesday after U.S. crude and gasoline stocks rose by more than expected last week, but losses were capped by worries about the

Oil settles down on strong US supply, losses capped by Ukraine escalation
Asia|Economy|Finance

Japan records a trade deficit in October for a 4th straight month, despite export recovery

Japan racked up a trade deficit in October for the fourth month in a row, as a weak yen and rising energy prices kept import costs high

Japan records a trade deficit in October for a 4th straight month, despite export recovery
Business|Economy|Finance

Gender pay gap narrows marginally in Australia, government report shows

The gender pay gap in Australia has narrowed marginally though women employees on average still earned A$28,425 ($18,590) less each year than their male colleagues, a

Gender pay gap narrows marginally in Australia, government report shows
Americas|Business|Economy|US

Mexico warns about Trump tariff impact on U.S. companies

Mexico's top economy officials on Tuesday downplayed concerns about trade talks with Donald Trump's administration, saying the potential impact on American

Mexico warns about Trump tariff impact on U.S. companies
Asia|Economy|Finance

China leaves lending benchmark LPRs unchanged, as expected

China left benchmark lending rates unchanged at the monthly fixing on Wednesday, after lenders slashed the rates by higher-than-expected margins last month to revive economic

China leaves lending benchmark LPRs unchanged, as expected
Business|Economy|Election|Finance|US

California voters reject measure that would have raised minimum wage to nation-high $18 per hour

California voters have rejected a measure on the November ballot that would have raised the minimum wage for most workers to $18 an hour

California voters reject measure that would have raised minimum wage to nation-high $18 per hour
Asia|Business|Economy|Finance|Stock Markets|Technology

Alibaba raises $5 billion in dual currency bond deal

Alibaba has raised $5 billion in a dual-currency bond, China's biggest e-commerce company said on Wednesday, marking the largest deal of its kind in the Asia-Pacific this

Alibaba raises $5 billion in dual currency bond deal
Asia|Business|Economy|Finance|Stock Markets

Funding for Seven & i founding family buyout will be finalised by end Dec, say sources

Funding for the proposed buyout of Japan's Seven & i Holdings by its founding family will be finalised by the end of December and will involve Japan's

Funding for Seven & i founding family buyout will be finalised by end Dec, say sources
Asia|Business|Economy|World

Hong Kong hears from jailed media tycoon Jimmy Lai for the first time in four years at his trial

Hong Kong hears from jailed media tycoon Jimmy Lai for the first time in four years at his trial

Hong Kong hears from jailed media tycoon Jimmy Lai for the first time in four years at his trial
Business|Economy|Finance

Nearly 1 million UK workers are uncounted, think tank says

Britain's official labour market statistics may be failing to count almost 1 million people who are in work, complicating the Bank of England's task of deciding

Nearly 1 million UK workers are uncounted, think tank says
Asia|Business|Economy

Japan exports rebound on China chipmaking demand but Trump tariff risks loom

Japan's exports expanded faster than expected in October, led by a pick-up in chip equipment demand in China, though fears persist over potential U.S. protectionist

Japan exports rebound on China chipmaking demand but Trump tariff risks loom
Business|Economy|Europe|US

Airbus CEO says Spirit Aero talks going well but industrial challenges lie ahead

The head of European planemaker Airbus said talks to finalise the takeover of part of troubled U.S. aerostructures supplier Spirit Aerosystems were going smoothly

Airbus CEO says Spirit Aero talks going well but industrial challenges lie ahead
Australia|Economy|Finance

Australia statistician overstated child care costs, but no impact on CPI

Australia's official statistician has been overestimating the cost of child care in its consumer price index for the past year, but the error will not result in any changes to

Australia statistician overstated child care costs, but no impact on CPI
Asia|Economy|US|World

Congressional panel urges toughing the US-China trade relationship

A congressional panel has recommended that the U.S. toughen its trade relationship with Beijing

Congressional panel urges toughing the US-China trade relationship
Economy|US

Americans want Trump to focus on inflation in his first 100 days, Reuters/Ipsos poll finds

Americans see inflation as the leading issue President-elect Donald Trump should tackle during his first 100 days in office, according to a Reuters/Ipsos

Americans want Trump to focus on inflation in his first 100 days, Reuters/Ipsos poll finds
Business|Economy|Travel

Spirit Airlines' struggle to navigate post-pandemic trends lands it in bankruptcy

Spirit Airlines was expected to be one of the big travel industry winners after the pandemic.

Spirit Airlines' struggle to navigate post-pandemic trends lands it in bankruptcy
Business|Economy|Finance|US

Prominent Wall Street boss Lutnick has been one of Trump's biggest cheerleaders

Wall Street veteran Howard Lutnick, whose domain stretches from brokerages to real estate, has been one of Donald Trump's biggest promoters from the business world in recent

Prominent Wall Street boss Lutnick has been one of Trump's biggest cheerleaders
Business|Economy|Election|Finance|Stock Markets|US

Trump picks Dr. Oz to run Medicare and Medicaid, Linda McMahon for Education, Lutnick for Commerce

President-elect Donald Trump has tapped billionaire professional wrestling mogul Linda McMahon to be secretary of the Education Department, tasked with overseeing an agency Trump has promised to dismantle

Trump picks Dr. Oz to run Medicare and Medicaid, Linda McMahon for Education, Lutnick for Commerce
Economy|Finance

Fed's Schmid says it is uncertain how far interest rates can fall

It remains uncertain how far interest rates can fall, though the initial reductions made by the U.S. central bank are a vote of confidence that inflation is

Fed's Schmid says it is uncertain how far interest rates can fall
Americas|Asia|Business|Economy|Science|Technology|World

Brazilian, Indian leaders discuss expanding energy, pharmaceutical trade

Brazil President Luiz Inacio Lula da Silva said on Tuesday he spoke with India's Prime Minister Narendra Modi about expanding scientific and business trade between both countries

Brazilian, Indian leaders discuss expanding energy, pharmaceutical trade
Business|Economy|US

Grid operator PJM faces new complaint over power supply auction

A consumer advocacy group has launched a complaint against PJM Interconnection, saying the largest U.S. grid operator is unfairly awarding record high payments to

Grid operator PJM faces new complaint over power supply auction
Economy|Environment|World

Biden appeals to world leaders to stay in the climate fight as Trump casts shadow

President Joe Biden is making an urgent appeal to fellow world leaders to surge money to developing nations to curb climate change as he wraps up his final appearance at a major international summit

Biden appeals to world leaders to stay in the climate fight as Trump casts shadow
Economy|Europe|World

French farmers continue protests as union threatens food supply disruption

French farmers held a second day of protests on Tuesday over EU-Mercosur trade talks, with the hardline Coordination Rurale union dumping Spanish wine and blocking official buildings

French farmers continue protests as union threatens food supply disruption
Business|Economy|Food|Technology|US|World

South Africa will focus G20 presidency on inclusive growth, food security

South Africa will use its G20 presidency to focus on advancing inclusive economic growth, food security and artificial intelligence, President Cyril Ramaphosa said on Tuesday

South Africa will focus G20 presidency on inclusive growth, food security
Business|Economy|US

Nebraska files antitrust lawsuit against heavy-duty truck makers over EV push

Nebraska Attorney General Michael Hilgers on Tuesday filed an antitrust lawsuit against some of the largest heavy-duty truck manufacturers accusing them of limiting the

Nebraska files antitrust lawsuit against heavy-duty truck makers over EV push
Business|Economy|US

Trump picks Lutnick to be Commerce secretary

Trump picks Lutnick to be Commerce secretary

Trump picks Lutnick to be Commerce secretary
Business|Economy|Political|US

Reporter: Trump picking Lutnick for commerce secretary is ‘consolation prize’

CNN's Kristen Holmes and Jake Tapper discuss President-elect Trump picking Howard Lutnick for Secretary of Commerce.

Reporter: Trump picking Lutnick for commerce secretary is ‘consolation prize’
Business|Economy|Travel

Hilton plans to expand footprint in India amid boom in leisure travel demand

Hilton Worldwide expects to quadruple the number of hotel

Hilton plans to expand footprint in India amid boom in leisure travel demand
Economy|Health|Travel|US

US faces growing crisis over high traffic deaths, NTSB chair says

The United States must address a growing public-health crisis over traffic deaths that remain significantly higher than pre-pandemic levels, the head of the

US faces growing crisis over high traffic deaths, NTSB chair says
Business|Economy|Finance|Lifestyle

Starting a small business is hard. Exiting can be even harder, but planning early is the key

Figuring out what to do with a small business when an owner is ready to retire can be difficult, but it’s best to have a plan well in advance of making a big change

Starting a small business is hard. Exiting can be even harder, but planning early is the key
Economy|Environment|Finance

What new taxes could help raise money to fight climate change?

The COP29 climate talks in Azerbaijan aim to agree an annual finance target of $1 trillion or more a year to help poorer countries respond to global warming.

What new taxes could help raise money to fight climate change?
Business|Economy|Environment|US

Apartment buildings wrap up $1B in HUD funds for lower utility bills and climate upgrades

When the head of the U.S. Department of Housing and Urban Development traveled to housing sites around the country, she heard from renters in affordable housing that they felt forgotten and left out of the nation’s transition to clean energy

Apartment buildings wrap up $1B in HUD funds for lower utility bills and climate upgrades
Asia|Business|Economy|Europe|Finance|US

Xi asks Germany's Scholz to help resolve issue of EU tariffs on Chinese EVs

Chinese President Xi Jinping told German Chancellor Olaf Scholz

Xi asks Germany's Scholz to help resolve issue of EU tariffs on Chinese EVs
Business|Economy|Finance|Food

Jersey Mike's sandwich chain is acquired by private equity firm Blackstone for $8 billion

Jersey Mike’s, the quickly expanding sandwich chain, is being acquired by the private equity firm Blackstone in a deal valued at $8 billion

Jersey Mike's sandwich chain is acquired by private equity firm Blackstone for $8 billion
Economy|Europe|Stock Markets|World

Stocks shrug off concerns about heightened US-Russia tensions

Stocks shrug off concerns about heightened US-Russia tensions

Stocks shrug off concerns about heightened US-Russia tensions
Business|Economy|Finance|Stock Markets

Risk assets may be entering 'danger zone': McGeever

Even bulls now admit that U.S. stocks and credit are expensive.

Risk assets may be entering 'danger zone': McGeever
Business|Economy|Europe|Finance|Stock Markets|Technology

Sweden has no plans to take stake in Northvolt, deputy PM says

The Swedish government does not plan to take a stake in lithium-ion battery maker Northvolt, Deputy Prime Minister Ebba Busch told Reuters on Tuesday as the company continues to

Sweden has no plans to take stake in Northvolt, deputy PM says
Business|Economy|Finance|US

CANADA FX DEBT - Canadian dollar strengthens, benchmark yield slips

The Canadian dollar strengthened against the greenback on Tuesday, and the yield on benchmark government debt slipped. 

CANADA FX DEBT - Canadian dollar strengthens, benchmark yield slips
Business|Economy|Europe|Finance

Italian lawmakers urge government to scale back crypto, web tax plans

Italian ruling-coalition lawmakers are urging the government to scale back plans to increase taxes on cryptocurrency capital gains and expand the number of firms forced to pay a

Italian lawmakers urge government to scale back crypto, web tax plans
Business|Economy|Finance

Canada's annual inflation rate rises to 2% in October

Canada's annual inflation rate accelerated more than expected to 2.0% in October as gas prices fell less than the previous month, data showed on Tuesday, likely diluting chances of

Canada's annual inflation rate rises to 2% in October
Business|Economy|US

US single-family housing starts slump; high mortgage rates remain a challenge

U.S. single-family homebuilding tumbled in October likely as Hurricanes Helene and Milton depressed activity in the South while permits rose slightly,

US single-family housing starts slump; high mortgage rates remain a challenge
Economy|Finance

Canada's inflation rate jumps back to 2%, curbing large rate-cut bets

Canada's annual inflation rate rose more than expected to 2.0% in October as gas prices fell less than the previous month, data showed on

Canada's inflation rate jumps back to 2%, curbing large rate-cut bets
Business|Economy|Lifestyle

Black entrepreneurs are often shut out from capital, but here’s how some are removing barriers

Black business owners are often frustrated by systemic racial disparities, but a new study shows how they are using race to capitalize on their ventures.

Black entrepreneurs are often shut out from capital, but here’s how some are removing barriers
Economy|Environment

Carbon offsets can help bring energy efficiency to low-income Americans − our Nashville data shows it could be a win for everyone

Insulating attics, replacing windows and adding heat pumps can save money and reduce emissions − if residents can afford the upgrades. Carbon-offset purchases by local companies could help.

Carbon offsets can help bring energy efficiency to low-income Americans − our Nashville data shows it could be a win for everyone
Economy|Europe

European assets set up for rebound, but euro could hit parity first, Amundi says

The euro could fall to the key $1 mark in the next month before rebounding, potentially alongside other Europe assets given how negatively investors

European assets set up for rebound, but euro could hit parity first, Amundi says
Economy|Europe

France's Barnier likely to ram through budget bill as talks stall

France's 2025 belt-tightening budget heads to the Senate next week, but few doubt the government will soon be obliged to bypass lawmakers with a risky constitutional measure that

France's Barnier likely to ram through budget bill as talks stall
Business|Economy|Finance

Jersey Mike’s Subs is worth $8 billion after a huge investment from Blackstone

Jersey Mike’s Subs is worth $8 billion after a huge investment from Blackstone

Jersey Mike’s Subs is worth $8 billion after a huge investment from Blackstone
Asia|Economy|World

Modi's inflation-blowing farm pivot may not be enough to win key Indian state

Indian Prime Minister Narendra Modi has taken several pro-farmer but inflation-stoking measures in recent months, such as easing curbs on rice and onion

Modi's inflation-blowing farm pivot may not be enough to win key Indian state
Economy|Europe|World

Spain to legalise about 300,000 undocumented immigrants per year

Spain will legalise about 300,000 undocumented immigrants per year over the next three years as it seeks to expand its labour force in the face of an ageing population, Migration

Spain to legalise about 300,000 undocumented immigrants per year
Economy|Finance|Stock Markets

Bank of England to cut rates gradually as the world braces for Trump's tariffs: Reuters poll

The Bank of England will keep Bank Rate on hold in December as global inflation worries resurface, according to a Reuters poll of economists who were split

Bank of England to cut rates gradually as the world braces for Trump's tariffs: Reuters poll
Economy|Environment|Finance|World

Beyond B-loans? Development banks seek private money for climate change fight

As officials from around the world strive this week to reach a deal on funding for poorer countries to tackle climate change,

Beyond B-loans? Development banks seek private money for climate change fight
Economy|Finance

IMF deal would give Ukraine access to about $1.1 billion, Fund says

International Monetary Fund staff and Ukrainian authorities have reached an agreement that would give Ukraine access to about $1.1 billion, the IMF said on Tuesday, adding that

IMF deal would give Ukraine access to about $1.1 billion, Fund says
Business|Economy|Finance|Technology

As Americans bargain shop, six-figure earners flock to Walmart

As Americans bargain shop, six-figure earners flock to Walmart

As Americans bargain shop, six-figure earners flock to Walmart
Business|Economy|Europe|Finance

Bank of England consults on post-Brexit market infrastructure rules

The Bank of England said on Tuesday it was launching a consultation on proposed, post-Brexit rules for clearing houses, payment system operators and other financial market

Bank of England consults on post-Brexit market infrastructure rules
Business|Economy|US

Here’s how mass deportations could change the housing market

Here’s how mass deportations could change the housing market

Here’s how mass deportations could change the housing market
Economy|Stock Markets|US|World

S&P 500, Nasdaq end up with Nvidia; Walmart hits record after forecast

The Nasdaq rose more than 1% and S&P 500 also ended higher on Tuesday, led by a jump in technology shares as investors eagerly awaited results this week

S&P 500, Nasdaq end up with Nvidia; Walmart hits record after forecast
Business|Economy|Finance|US

Treasuries pop on US Secretary race, Russia warning

A look at the day ahead in U.S. and global markets from Mike Dolan U.S.

Treasuries pop on US Secretary race, Russia warning
Business|Economy|Finance

German economy to stagnate as labour market cools, tariffs loom

The German economy is likely to stagnate in the last three months of the year as the labour market continues to soften and possible new trade tariffs loom, the country's central

German economy to stagnate as labour market cools, tariffs loom
Business|Economy|US

Who are the US federal workers that Trump, Musk want to trim?

President-elect Donald Trump has tasked billionaire Elon Musk and former Republican presidential candidate Vivek Ramaswamy with finding deep cuts in the $6 trillion federal

Who are the US federal workers that Trump, Musk want to trim?
Americas|Business|Economy|Finance

Bank of Mexico flags more rate cuts due to progress on lowering inflation

The Bank of Mexico will likely be able to continue cutting its benchmark interest rate due to the progress made on bringing inflation down, bank governor

Bank of Mexico flags more rate cuts due to progress on lowering inflation
Business|Economy|Finance

BoE's Taylor says 4 rate cuts by end of 2025 would be gradual

The Bank of England's most recently appointed interest rate-setter Alan Taylor said the central bank's gradual approach to cutting borrowing costs was in line with recent market

BoE's Taylor says 4 rate cuts by end of 2025 would be gradual
Economy|Election|Europe|Lifestyle|Travel|World

Italian village offers $1 homes to Americans upset by the US election result

Italian village offers $1 homes to Americans upset by the US election result

Italian village offers $1 homes to Americans upset by the US election result
Asia|Economy|Finance

Thailand to start second stage of stimulus programme in January

The second phase of Thailand's "digital wallet" handout scheme will be launched in January and distribute 40 billion baht ($1.16

Thailand to start second stage of stimulus programme in January
Business|Economy|Europe|Finance|World

Rheinmetall aims for 20 billion euros in sales in 2027

Rheinmetall aims for 20 billion euros ($21.08 billion) in sales for 2027, boosted by increased defence spending by EU and NATO country leaders in response to the Ukraine war, the

Rheinmetall aims for 20 billion euros in sales in 2027
Economy|Europe|Finance|World

Safe-haven assets rally after Russia updates nuclear doctrine

Safe-haven assets bounced sharply on Tuesday, after a warning from Russia over its updated nuclear doctrine that was aimed at making possible enemies aware of inevitable retaliation

Safe-haven assets rally after Russia updates nuclear doctrine
Economy|Europe|Stock Markets

European stocks sink as investors flock to safety amid geopolitical jitters

Europe's main stock index touched its lowest level in three months on Tuesday, as escalating geopolitical tensions, fuelled

European stocks sink as investors flock to safety amid geopolitical jitters
Business|Economy|Finance|Stock Markets

UK fund managers pay more to hedge in 2024, MillTechFX survey says

More UK fund managers say they've paid higher costs in 2024 to protect their investment portfolios against fluctuations in currency markets, according to survey

UK fund managers pay more to hedge in 2024, MillTechFX survey says
Asia|Business|Economy|Finance

China expected to leave benchmark lending rates unchanged on Wednesday

China is widely expected to leave its benchmark lending rates unchanged on Wednesday, a Reuters poll showed, as rate cuts a month earlier squeeze banks' profitability and the yuan

China expected to leave benchmark lending rates unchanged on Wednesday
Business|Economy|Finance

Thyssenkrupp takes $1 billion hit on steel unit as outlook darkens

Thyssenkrupp has written down the value of its steel division by another 1 billion euros ($1.06 billion), blaming the sector's

Thyssenkrupp takes $1 billion hit on steel unit as outlook darkens
Economy|Environment|World

Money to respond to climate change is key to UN talks in Baku. Nations are finding ways to raise it

Big money to respond to climate change is key to the United Nations talks underway in Azerbaijan

Money to respond to climate change is key to UN talks in Baku. Nations are finding ways to raise it
Business|Economy|Finance|Stock Markets|US

Goldman Sachs forecasts S&P 500 target of 6500 for 2025-end, joins Morgan Stanley

Goldman Sachs has forecast the S&P 500 index would reach 6,500 by the end of 2025, joining peer Morgan Stanley, on the back of continued growth in the U.S. economy and

Goldman Sachs forecasts S&P 500 target of 6500 for 2025-end, joins Morgan Stanley
Asia|Business|Economy|Europe|Finance|Stock Markets

Traders focus on Fed as key Trump picks awaited

A look at the day ahead in European and global markets from Kevin Buckland Signs are positive for European stocks' open, with futures pointing up, and equity indices across most of Asia also in the

Traders focus on Fed as key Trump picks awaited
Asia|Business|Economy|Finance

IMF warns Asia retaliatory tariffs could undermine growth

The International Monetary Fund (IMF) warned on Tuesday that "tit-for-tat" tariffs could undermine Asia's economic prospects, raise costs and disrupt supply chains even

IMF warns Asia retaliatory tariffs could undermine growth
Business|Economy|Finance|Stock Markets

Investors reload rate hike bets in Japan

Investors are betting a slide in the yen will force a hawkish shift at the Bank of Japan and are shorting bonds, buying bank shares and bracing for rates to rise

Investors reload rate hike bets in Japan
Business|Economy|US|World

Bangladesh's Yunus hopes US ties will strengthen despite Trump victory

Bangladesh's interim leader Muhammad Yunus hopes ties with the U.S., the biggest buyer of Bangladeshi clothes, will strengthen despite strong criticism from President-elect Donald

Bangladesh's Yunus hopes US ties will strengthen despite Trump victory
Asia|Business|Economy|Finance|Stock Markets

EM stocks rally; Manila, Bangkok up on rate-cut bets

Emerging Asian stock markets rallied on Tuesday, with Bangkok and Manila trading higher on expectations of rate cuts in the near future, while Singapore stocks hit a 17-year

EM stocks rally; Manila, Bangkok up on rate-cut bets
Economy|Europe

Thousands of UK farmers descend on Parliament to protest a tax they say will ruin family farms

British farmers have descended on Parliament to protest a tax hike they say will deal a “hammer blow” to struggling family farms

Thousands of UK farmers descend on Parliament to protest a tax they say will ruin family farms
Business|Economy|Environment|World

Brazil urges G20 leaders to move faster on net zero climate targets

Brazilian President Luiz Inacio Lula da Silva on Tuesday urged leaders of the Group of 20 major economies to accelerate their national

Brazil urges G20 leaders to move faster on net zero climate targets
Business|Economy|Finance|Stock Markets|US

Goldman Sachs chairman expects deals to pick up in 2025

Goldman Sachs Chairman David Solomon said on Tuesday there will be more robust levels of both capital raising and M&A in 2025 with the new U.S. administration.

Goldman Sachs chairman expects deals to pick up in 2025
Business|Economy|Finance

Australia central bank pondered scenarios for rate changes at Nov meeting

Australia's central bank said on Tuesday that there was no immediate need to change interest rates, having left them steady for a year now, but it was important to be ready

Australia central bank pondered scenarios for rate changes at Nov meeting
Asia|Economy|Finance|Stock Markets|US

Stocks rise, oil settles slightly up as Russia-US tensions mount

Global stocks rose in choppy trading on Tuesday as markets waited for President-elect Donald Trump to make more appointments to his

Stocks rise, oil settles slightly up as Russia-US tensions mount
Business|Economy|Finance|Stock Markets|World

Oil settles flat as escalation of Ukraine war counters Sverdrup field restart

Oil prices were broadly unchanged on Tuesday as signs of escalation of the Russia-Ukraine war kept investors cautious of supply disruptions, but the partial restart

Oil settles flat as escalation of Ukraine war counters Sverdrup field restart
Asia|Business|Economy|Finance|Stock Markets

Beijing pledges to open up markets, support Hong Kong amid geopolitical concerns

Beijing told top Wall Street executives on Tuesday that it will move ahead with capital market reforms and in the opening up of its financial sector for

Beijing pledges to open up markets, support Hong Kong amid geopolitical concerns
Asia|Economy|Finance|Stock Markets|US

Dollar higher, boost to safe-haven currencies fades

The dollar index rose on Tuesday, after an initial boost to safe-haven currencies such as the greenback, Swiss franc and yen prompted by an announcement by

Dollar higher, boost to safe-haven currencies fades
Asia|Economy|Finance

South Korea pledges 45% increase in World Bank fund contribution

South Korean President Yoon Suk Yeol has pledged a 45% increase in the country's contribution to the World Bank's International Development Association fund to more than $600 million

South Korea pledges 45% increase in World Bank fund contribution
Business|Economy|Health|Technology

Global employers boost hiring towards year end, survey shows

Major global companies have boosted hiring for professional roles as they enter the final quarter of the year, especially in retail, technology and healthcare, but

Global employers boost hiring towards year end, survey shows
Economy|Europe|MidEast|World

New leader takes over after protests in breakaway Georgian region

The leader of the breakaway Georgian region of Abkhazia resigned on Tuesday and was replaced by his deputy until new elections, days after protesters seized government

New leader takes over after protests in breakaway Georgian region
Asia|Economy|World

UK to relaunch trade talks with India, seeks 'new strategic partnership'

Britain will restart talks with India on a free trade deal in the new year, Prime Minister Keir Starmer's office said on Monday, following a months-long pause in

UK to relaunch trade talks with India, seeks 'new strategic partnership'
Business|Economy|Technology

Amazon and Elon Musk's SpaceX challenge labor agency's constitutionality in federal court

Attorneys for Amazon and Elon Musk’s SpaceX have argued in a federal appeals court that the National Labor Relations Board’s structure is unconstitutional

Amazon and Elon Musk's SpaceX challenge labor agency's constitutionality in federal court
Business|Economy|Finance

BOJ to bid farewell to stimulus era, justify rate hikes in policy review

The Bank of Japan will release next month its findings on the pros and cons of the various unconventional monetary easing tools used in its 25-year battle with

BOJ to bid farewell to stimulus era, justify rate hikes in policy review
Business|Economy|World

China's Xi tells G20 Summit AI should not be a 'game of rich countries,' Xinhua reports

Chinese President Xi Jinping warned at the Group of 20 Summit in Rio de Janeiro that artificial intelligence should not be a "game of rich countries and the wealthy," state

China's Xi tells G20 Summit AI should not be a 'game of rich countries,' Xinhua reports
Business|Economy|Finance|US

Spirit Airlines filed for bankruptcy. What does that mean for travelers?

The largest budget airline in the U.S., has filed for Chapter 11 bankruptcy protection

Spirit Airlines filed for bankruptcy. What does that mean for travelers?
Business|Economy|Technology|US

New Jersey internet gambling sets another revenue record at $213 million

New Jersey’s internet gambling market set another record in October, the latest proof that people are betting more of their money online rather than coming to Atlantic City to gamble it in person

New Jersey internet gambling sets another revenue record at $213 million
Business|Economy|Environment|Science|Technology|US

What to know about Chris Wright, Trump's choice to run the Energy Department

Fossil fuel executive Chris Wright, Donald Trump's choice for Energy secretary, is a strong supporter of oil and gas development, including fracking, a key pillar of the president-elect’s quest for U.S. “energy dominance” in the global market

What to know about Chris Wright, Trump's choice to run the Energy Department
Economy|Europe|Finance

Greece to repay chunk of bailout debt early and touts recovery during anger over cost of living

Prime Minister Kyriakos Mitsotakis says Greece is set to make an early repayment of 5 billion euros or $5.3 billion in bailout-era debt in 2025

Greece to repay chunk of bailout debt early and touts recovery during anger over cost of living
Business|Economy|US

Nippon Steel not to import from overseas mills in bid to save U.S. Steel deal

Nippon Steel will not import steel to the U.S. from its international mills, the Japanese company's Executive Vice President Takahiro Mori said on Monday in a letter to United Steelworkers

Nippon Steel not to import from overseas mills in bid to save U.S. Steel deal
Business|Economy|Technology|US

Boeing layoffs so far total nearly 2,200 workers in Washington state

Boeing has so far laid off 2,199 workers in Washington, among job cuts that will eventually total about 17,000 across the company

Boeing layoffs so far total nearly 2,200 workers in Washington state
Economy|Environment|US|World

Biden seeks nearly $100 billion in emergency disaster aid after Hurricanes Helene and Milton

President Joe Biden is requesting nearly $100 billion in emergency disaster aid after Hurricanes Helene and Milton, and other natural disasters

Biden seeks nearly $100 billion in emergency disaster aid after Hurricanes Helene and Milton
Economy|Finance|US

Trump's treasury pick could give an indication of what he plans to do about tariffs

One of the top remaining vacancies in President-elect Donald Trump’s proposed Cabinet is his treasury secretary — and the views of his top contenders there reflect broader questions about how the president-elect might wield tariffs in his new administration

Trump's treasury pick could give an indication of what he plans to do about tariffs
Economy|Europe|Political|World

UK hits Iran with new sanctions for supplying missiles to Russia

The U.K. government has hit Iran with new sanctions for sending ballistic missiles and other weapons to Russia in support of the war against Ukraine

UK hits Iran with new sanctions for supplying missiles to Russia
Business|Economy|Technology|US

Stellantis CEO says will adapt to U.S. market under Trump

Stellantis' will adapt to changes in the U.S. car market expected under a Trump government, CEO Carlos Tavares said on Monday, with a platform that can offer electric,

Stellantis CEO says will adapt to U.S. market under Trump
Business|Economy|Finance|Health|US

Activist investor Ananym Capital pushes for changes at Henry Schein, sources say

Activist investor Ananym Capital Management is urging healthcare products distributor Henry Schein to refresh its board, cut costs, tackle succession

Activist investor Ananym Capital pushes for changes at Henry Schein, sources say
Business|Economy|US

New York to impose $9 congestion fee in Manhattan starting Jan. 5

New York City's Metropolitan Transportation Authority voted on Monday to implement a $9 congestion mitigation charge for driving in Manhattan starting on Jan. 5, a move

New York to impose $9 congestion fee in Manhattan starting Jan. 5
Business|Economy|Finance|US

Trump expands pool of possible Treasury picks as top candidates jockey for the job

Trump expands pool of possible Treasury picks as top candidates jockey for the job

Trump expands pool of possible Treasury picks as top candidates jockey for the job
Economy|Finance|US

US labor market still boosting inflation, San Francisco Fed economists say

A tight U.S. labor market is still adding to inflationary pressures, though less so than it did in 2022 and 2023, according to research published on Monday by the San

US labor market still boosting inflation, San Francisco Fed economists say
Americas|Business|Economy|Finance

Brazil's central bank chief says monetary policy tied to fiscal fears

Brazil's central bank chief, Roberto Campos Neto, said on Monday that monetary policy is being driven to some extent by fiscal policy as risk premiums on long-term

Brazil's central bank chief says monetary policy tied to fiscal fears
Economy|US

Biden administration requesting roughly $100 billion for disaster relief

Biden administration requesting roughly $100 billion for disaster relief

Biden administration requesting roughly $100 billion for disaster relief
Business|Economy|US

The Associated Press says buyouts and some layoffs are ahead as it seeks to cut its workforce by 8%

The Associated Press says it is looking to cut 8% of its workforce, primarily through buyouts, and employees eligible to leave their jobs would begin getting notifications

The Associated Press says buyouts and some layoffs are ahead as it seeks to cut its workforce by 8%
Economy|Food|US

Grocery chains vie for a place on Thanksgiving tables with turkey dinner deals and store brands

With Thanksgiving less than two weeks away, food retailers are trying to tempt Americans who haven't recovered from recent price inflation

Grocery chains vie for a place on Thanksgiving tables with turkey dinner deals and store brands
Economy|World

China's Xi announces steps to support 'Global South' at G20 summit

Chinese President Xi Jinping announced a raft of measures designed to support the "Global South" at a gathering of leaders of the Group of 20 (G20) major

China's Xi announces steps to support 'Global South' at G20 summit
Economy|Finance

Colombia economy grew 2.0% year-on-year in third quarter, market expected 2.3%

Colombia's economy grew 2.0% year-on-year in the third quarter, the government's DANE statistics agency said on Monday.

Colombia economy grew 2.0% year-on-year in third quarter, market expected 2.3%
Economy|World

No alternative to UNRWA in Gaza besides Israel, agency chief says

The only alternative to the U.N.

No alternative to UNRWA in Gaza besides Israel, agency chief says
Africa|Economy|Election|Finance

Mauritius' new prime minister announces audit of public finances

The new prime minister of Mauritius has announced an audit of the public finances days after his coalition won a resounding election victory, casting a shadow over the accuracy

Mauritius' new prime minister announces audit of public finances
Business|Economy|Europe

Poland signs agreement with domestic companies to manufacture explosives

The Polish government has signed a letter of

Poland signs agreement with domestic companies to manufacture explosives
Business|Economy|Finance|Health|Stock Markets|US

CVS Health bulks its board up to 16 members, adds hedge fund CEO

CVS Health has added four new board members, including the CEO of a hedge fund that has been critical of the struggling health care giant

CVS Health bulks its board up to 16 members, adds hedge fund CEO
Americas|Asia|Business|Economy|Finance

Brazil development bank signs deal with AIIB for nearly $3 billion in investments

Brazilian development bank BNDES said on Monday that it has signed a deal with the Asian Infrastructure Investment Bank (AIIB) for the investment of 16.7 billion reais ($2.89 billion) in

Brazil development bank signs deal with AIIB for nearly $3 billion in investments
Economy|Finance

Russia's central bank says inflationary pressure remains high

Inflationary expectations among Russian households for the year ahead stood at 13.4% in November, unchanged from October, while inflationary pressure remained high, the central bank

Russia's central bank says inflationary pressure remains high
Business|Economy|Political

Why EU farmers are upset about Mercosur deal

A trade agreement between the European Union and Mercosur countries, which includes a significant section on agriculture, has triggered protests from EU

Why EU farmers are upset about Mercosur deal
Economy|Environment|World

Summit host Azerbaijan warns COP29 cannot succeed without G20 boost

Leaders of the world's biggest economies must send a clear signal on the need to tackle global warming, COP29 climate summit host

Summit host Azerbaijan warns COP29 cannot succeed without G20 boost
Business|Economy|Finance|US

Americans face an insurability crisis as climate change worsens disasters – a look at how insurance companies set rates and coverage

Insurance costs are rising quickly across much of the country. Hurricanes are part of the reason, but it’s the other perils common across the Midwest and Great Plains that complicate costs.

Americans face an insurability crisis as climate change worsens disasters – a look at how insurance companies set rates and coverage
Business|Economy

Canadian housing starts rise 8% in October

Canadian housing starts in October rose by 8% versus the previous month as groundbreaking increased on multi-unit and single-family detached homes, data from the national housing

Canadian housing starts rise 8% in October
Business|Economy|Technology|US

Robo price-fixing: Why the Justice Department is suing a software company to stop landlords colluding on rents

RealPage, Inc. provides software that lets landlords keep rental prices high. The Justice Department cried foul on the price-fixing practice.

Robo price-fixing: Why the Justice Department is suing a software company to stop landlords colluding on rents
Business|Economy|Finance

Donor-advised funds are drawing a lot of assets besides cash – taking a bigger bite out of tax revenue than other kinds of charitable giving

Donors can get two different tax breaks when they give by turning stocks, bonds and other financial assets into charitable gifts.

Donor-advised funds are drawing a lot of assets besides cash – taking a bigger bite out of tax revenue than other kinds of charitable giving
Economy|US

Biden urges Congress to approve nearly $100 billion in disaster relief

President Joe Biden's administration called on U.S. lawmakers on Monday to quickly pass roughly $100 billion in emergency disaster relief funding in the wake of damaging storms

Biden urges Congress to approve nearly $100 billion in disaster relief
Asia|Business|Economy|Finance

Indian govt pushes back on key cenbank proposals fearing hit to credit growth

The Indian government is pushing back on two key proposals of the central bank, which will require banks to set aside more funds for infrastructure projects and

Indian govt pushes back on key cenbank proposals fearing hit to credit growth
Americas|Economy|Finance

Brazil's government sees inflation within target band, unlike markets

Brazil's finance ministry raised its inflation forecasts for this year but expects inflation to remain within the official target band, in contrast to a more

Brazil's government sees inflation within target band, unlike markets
Economy|Europe|Political|World

EU widens sanctions on Iranian shipping firms

The European Union has widened its sanctions against Iran over Tehran's support of Russia in its war with Ukraine, the European Commission said on Monday.

EU widens sanctions on Iranian shipping firms
Asia|Business|Economy|Finance

India's economic growth needs more affordable interest rates, minister says

India's economic growth requires "far more affordable" bank interest rates, the finance minister said on Monday, adding New Delhi was committed to measures to ensure the economy

India's economic growth needs more affordable interest rates, minister says
Business|Economy|Europe

UK creates new businesses at slowest rate since 2010

Britons started new businesses last year at the slowest rate since 2010, a potential warning sign for longer-term economic growth and productivity, according to official data

UK creates new businesses at slowest rate since 2010
Business|Economy|Europe|Finance|Stock Markets

UK's FTSE 100 closes near one-week high, Melrose shines

UK's FTSE 100 closed higher on Monday, with conglomerate Melrose topping the index following an upbeat trading update, while domestically-focussed midcaps closed lower as caution prevailed

UK's FTSE 100 closes near one-week high, Melrose shines
Business|Economy|Finance|Health|Stock Markets|US

CVS adds four new board members in deal with Glenview as CEO pursues a turnaround

CVS Health added Glenview Capital's top boss and three others to its board in a deal with the hedge fund, a month after the healthcare conglomerate tasked a new CEO with its

CVS adds four new board members in deal with Glenview as CEO pursues a turnaround
Business|Economy|Europe|Finance|US

ECB's Makhlouf: Premature to make decisions based on new U.S. administration

European Central Bank policymaker Gabriel Makhlouf said it would be premature to start making decisions on what a new U.S. administration might do when asked if Donald Trump's

ECB's Makhlouf: Premature to make decisions based on new U.S. administration
Business|Economy

Brazil fiscal package done but defense ministry OK pending, Haddad says

The Brazilian government's package of spending cuts is practically done and will be released soon, pending only a response from the defense ministry, Finance Minister Fernando

Brazil fiscal package done but defense ministry OK pending, Haddad says
Economy|Health|US

Medicaid fuels US coverage of Novo, Lilly weight-loss drugs

U.S. government health plans account for the lion's share of coverage for popular new weight-loss drugs, far beyond the reimbursement available from private employers and

Medicaid fuels US coverage of Novo, Lilly weight-loss drugs
Business|Economy|Travel|US

Spirit Airlines files for bankruptcy as financial losses pile up and debt payments loom

Spirit Airlines has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel and a failed attempt to sell the airline to JetBlue

Spirit Airlines files for bankruptcy as financial losses pile up and debt payments loom
Business|Economy|Finance|US

Spirit Airlines files for bankruptcy

Spirit Airlines files for bankruptcy

Spirit Airlines files for bankruptcy
Americas|Economy|Finance

Venezuela depreciation risks reversing years of inflation gains

Currency depreciation is set to reverse years of declining inflation in economically beleaguered Venezuela, public and private sector sources say, as foreign

Venezuela depreciation risks reversing years of inflation gains
Business|Economy|Finance|US

US no-frills pioneer Spirit Airlines files for bankruptcy protection

Spirit Airlines has filed for bankruptcy protection, the no-frills U.S. travel pioneer said on Monday, after struggling with years of losses, failed

US no-frills pioneer Spirit Airlines files for bankruptcy protection
Economy|Finance

Bank Indonesia to keep rates steady on Nov. 20 to stabilise battered rupiah

Bank Indonesia will leave interest rates unchanged on Wednesday, aiming to protect the rupiah from further depreciation amid concerns U.S.

Bank Indonesia to keep rates steady on Nov. 20 to stabilise battered rupiah

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