US Pending Home Sales Increase to Highest Level Since March (27.11.2024)
Pending sales of US homes unexpectedly rose to a seven-month high in October as a brief drop in mortgage rates lured buyers.
Wall Street Wins Once Again as S&P 500 Index Beats Global Stock Gauges (29.11.2024)
In a week in which US inflation data accelerated, Donald Trump threatened some of America’s closest neighbors with aggressive tariffs, and half of Wall Street was on vacation, the S&P 500 still comfortably beat benchmark stock gauges for both Europe and Asia.
China Private Factory Gauge Shows Economy Stabilized After Stimulus (02.12.2024)
China’s manufacturing activity expanded for a second straight month, according to a private survey, a further sign of stabilization after Beijing unleashed a stimulus package to shore up the economy.
384.000 ohne Job: Krise in Industrie belastet Arbeitsmarkt (02.12.2024)
Die weltweite Konjunkturflaute und die schwache Nachfrage setzen der Industrie und dem Arbeitsmarkt weiter zu. Ende November waren rund 384.000 Personen beim Arbeitsmarktservice (AMS) arbeitslos oder in Schulung gemeldet, im Vergleich zum Vorjahresmonat entspricht das einem Plus von gut 31.400 Personen bzw. einem Zuwachs von 8,9 Prozent.
KIM-Verordnung: Strenge Wohnkreditregeln laufen aus (02.12.2024)
Die KIM-VO (Kreditinstitute-Immobilienfinanzierungsmaßnahmen-Verordnung), die strenge Regeln für die Vergabe von Wohnkrediten vorgegeben hat, wird im kommenden Jahr auslaufen. Auf Basis der aktuellen Situation sieht das Finanzmarktstabilitätsgremium (FMSG) bei der Wohnkreditvergabe keine systemischen Risiken für den Bankensektor.
Wage inequality has declined in two-thirds of countries worldwide since start of 21st century (28.11.2024)
With inflation largely easing around the world, global wages are once again rising faster than prices, according to research by the International Labor Organization.
Real wages increased 1.8% on average worldwide in 2023, after falling nearly 1% the year before. Wage growth is seen picking up to a 2.7% pace this year — which would mark the fastest advance in more than 15 years.
Real wage growth in China has been much faster than in other emerging G-20 economies, ILO said in its report. And 2024 figures are showing no sign of slowing down in the country. Excluding China, global wage growth would be 2.3% this year.
US Tightens Curbs on China’s Access to AI Memory and Chips Tools (02.12.2024)
The Biden administration unveiled new restrictions on China’s access to vital components for chips and AI, escalating a campaign to contain Beijing’s technological ambitions.
Scholz Proposes €100 Billion Investment Fund for Germany (30.11.2024)
Chancellor Olaf Scholz raised the stakes in the campaign for Germany’s snap election by proposing an investment fund worth at least €100 billion ($106 billion) to help pay for the country’s modernization.
Germany’s Top Diplomat Bashes China’s Weapon Supplies to Russia (01.12.2024)
German foreign minister Annalena Baerbock accused China of providing Russia with weapons for its war of aggression against Ukraine and threatening peace in Europe ahead of a potentially thorny visit to Beijing.
Europe's Economy Feels the Impact as Workers Take More Sick Days (02.12.2024)
Governments and companies are desperate to reverse the trend of absences
Trump Trade War: Explaining Tariff Scenarios (01.12.2024)
Trump’s tariffs could go in many different directions. Understanding the strategy from his first term, and the priorities of his new team, reveals a potential path ahead.
Arbeitslosigkeit stieg im November auf 7,1 Prozent (02.12.2024)
Parlamentswahl in Rumänien: Sozialdemokraten vorne, Rechte erstarkt (02.12.2024)
Bei der Parlamentswahl in Rumänien am Sonntag sind die Sozialdemokraten (PSD) mit 22,5 Prozent stärkste Kraft geblieben. Die extrem rechte Partei AUR konnte ihre Stimmen gegenüber der vergangenen Wahl vor vier Jahren mehr als verdoppeln: Sie erreichte 17,7 Prozent. Mehrere ultrarechte Parteien kommen zusammen zudem auf rund 30 Prozent. Die Parlamentswahl wurde vom Chaos der Präsidentschaftswahl vergangene Woche überschattet.
Volkswagen’s unions pulls on the brake (02.12.2024)
Catch up: Biden pardons his son; Syrian and Russian jets bomb rebels
A boom for the world’s arms producers (02.12.2024)
Catch up: Biden pardons his son; Syrian and Russian jets bomb rebels
Why America is keen on Angola (02.12.2024)
Catch up: Biden pardons his son; Syrian and Russian jets bomb rebels
Ruble Plunge Pressures Bank of Russia for Steeper Rate Hike (28.11.2024)
A recent slump in the ruble is ramping up pressure on the Bank of Russia to hike its key rate — potentially by the most since the start of the war on Ukraine.
Stimulus Bets Drive Chinese Stocks Higher Before Key Meeting (29.11.2024)
Chinese stocks rallied for the second time this week with traders pointing to expectations for greater economic support at a key policy meeting in December.
Taiwan president stops in Hawaii during Pacific tour, drawing ire from China (01.12.2024)
Lai Ching-te’s US stopover on trip to Marshall Islands, Tuvalu and Palau – three diplomatic allies of the self-governed island – prompts Beijing’s protests
Weihnachtsgeschäft startete laut Handel stark (01.12.2024)
ChatGPT Turns 2 and Gives $8 Trillion Birthday Gift to Big Tech (29.11.2024)
Two years in, generative AI’s value to the world is still unclear. But these charts show that it’s been a bonanza for the largest tech firms.
Why South Africa Could Lead Emerging Markets Under Trump (29.11.2024)
South Africa has long struggled with its reputation as a volatile and risky emerging market, but is now becoming a favorite among investors seeking to navigate a world with Donald Trump as the US president.
Iran Braces for Trump Reset With Economy Buckling From Sanctions (24.11.2024)
When Donald Trump first entered the White House in 2017, Cyrus Razzaghi was running an Iranian business consultancy, advising US, Japanese and European companies about how to grab opportunities in a market emerging from years of economic isolation.
Saudi Arabia Strengthens US and Iran Ties Before Trump Becomes President (29.11.2024)
Prince Mohammed offered to boost trade with the Islamic Republic just as he seeks to nail down a strategic agreement with Washington.
China Air Cargo Flights Soar as Trump Return, Tariffs Loom (29.11.2024)
The race to secure goods from China before tariffs are imposed has taken off, with international cargo flights out of the Asian nation increasing to new records in the weeks since Donald Trump won the US election.
Euro Caps Worst Month in Over a Year as Growth Outlook Worsens (29.11.2024)
The euro is on track to cap its worst month in over a year, blighted by the prospect that US trade tariffs will hit the region’s already battered economy.
ECB’s Centeno Favors Steadily Bringing Interest Rates to 2% (25.11.2024)
The European Central Bank should steadily lower borrowing costs to 2% or thereabouts, according to Governing Council member Mario Centeno.
ECB Says Consumer Inflation Expectations Edged Up in October (29.11.2024)
Inflation expectations of consumers in the euro area edged higher in October, according to the European Central Bank — supporting policymakers arguing in favor of a cautious approach to lowering interest rates.
Core PCE Index: Fed’s Favorite Inflation Gauge Picks Up, in Line With Forecasts (27.11.2024)
The Federal Reserve’s preferred measure of underlying inflation accelerated in October from a year ago, helping explain policymakers’ more cautious approach to lowering interest rates.
Euro-Zone Inflation Accelerates But Won’t Derail ECB Cuts (29.11.2024)
Euro-area inflation climbed above the European Central Bank’s 2% target, though officials are unlikely to be deterred from continuing to lower interest rates next month and beyond.