France’s Macron Warns Against Europe Getting Caught in Tariff War (13.11.2024)
Emmanuel Macron warned that Europe risks getting divided by Donald Trump’s economic policy and being thrown into a simultaneous trade war with Washington and Beijing.
US Inflation Stays Firm for Third Month With 0.3% Core CPI Gain (13.11.2024)
US inflation remained firm in October, underscoring the ongoing risks Federal Reserve officials face in trying to bring price pressures fully under control.
Trump Win Prompts ECB Forecasters to Ask How Far Rates Can Fall (13.11.2024)
Donald Trump’s election win is leading some forecasters to question if the European Central Bank will need to return borrowing costs toward highly stimulative levels as his threat of trade tariffs materializes.
Elon Musk’s New Project? Running Trump’s US Government (12.11.2024)
After plowing at least $132 million into the president-elect’s campaign, the richest man in the world is about to treat the US government as if it were a money-losing social network.
Russia Speeds Up Advance in Ukraine as Mood Darkens in Kyiv (01.11.2024)
Russia’s army is gaining speed in its advance in eastern Ukraine, seizing more land last week than at any point this year, increasing pressure on Kyiv’s US and European allies to bolster its defenses.
Heimische Wirtschaft: Lange Liste von Hiobsbotschaften (13.11.2024)
Die schlechten Nachrichten aus der Wirtschaft reißen nicht ab: Zu den deutlich nach unten revidierten Prognosen der Ökonomen von WIFO und IHS reihen sich miserable Bilanzen heimischer Konzerne. Am Mittwoch vermeldete der einstmals verstaatlichte Stahlkonzern voestalpine zum Halbjahr einen Einbruch beim Ergebnis nach Steuern um 43 Prozent. Und der Motorradhersteller KTM kündigte einen millionenschweren Finanzbedarf samt Personalabbau an.
Musk, Ramaswamy Picked for US Government Efficiency Effort (13.11.2024)
Good morning. Donald Trump names key roles for his second presidential term. An ECB governing council member suggests gradual monetary easing. And Rolex Submariner watches globally near $50 billion in market value. Listen to the day’s top stories.
China, Migration: Trump-Kabinett wohl voller Hardliner (12.11.2024)
Eine Woche nach der US-Präsidentschaftswahl scheint das Kabinett des republikanischen Wahlsiegers Donald Trump allmählich Form anzunehmen. So werden Hardliner und Gefolgsleute wie die Gouverneurin Kristi Noem und der Senator Marco Rubio für Topjobs gehandelt. Nationaler Sicherheitsberater wird der bisherige Abgeordnete Mike Waltz. Laut US-Medien dürften sie federführend für die Umsetzung von Trumps rigoroser Migrations- und China-Politik sein.
Scholz, Trump Discuss US-German Cooperation, Peace in Europe (12.11.2024)
Chancellor Olaf Scholz told US President-elect Donald Trump that Germany is ready to continue “decades of successful cooperation” between the two countries.
(EUR/USD) Euro Parity With Dollar Is the Big New Call by Currency Analysts (12.11.2024)
Currency strategists are ripping up forecasts for the euro in the wake of the US election and coming up with a new call: a slide toward parity with the dollar.
Gloomy Russia Billionaires See Little to Cheer in Trump’s Win (12.11.2024)
Several Russian billionaires don’t share the optimism of Vladimir Putin’s government that Russia’s economy will keep growing at a pace most Western countries can only envy. And they see little prospect that incoming US President Donald Trump will lift sanctions.
ECB Is Set to Step Up Focus on Geopolitical Risks at Banks (12.11.2024)
The European Central Bank plans to demand more information from banks about their exposure to geopolitical risks as supervision head Claudia Buch puts her stamp on the institution.
Japan Pledges Fresh $65 Billion in Support for Chips and AI (11.11.2024)
Japanese Prime Minister Shigeru Ishiba pledged more than $65 billion of fresh support for the nation’s semiconductor and artificial intelligence sector as Tokyo looks to keep up with a global spending spree on cutting-edge tech.
ECB’s Rehn Says December Cut Likely With Disinflation On Track (12.11.2024)
European Central Bank Governing Council member Olli Rehn said a December interest-rate cut is likely and further reductions are possible, but officials should remain cautious and move step by step.
German Investor Confidence Slumps on Political Strife, Trump Win (12.11.2024)
Investor confidence in Germany’s economy unexpectedly worsened in November after a spate of bad news from the country’s industry, the collapse of the three-party government and the election of Donald Trump.
Follow exit polls from the 2024 general election. Explore key insights, voter demographics and trends that may shape the outcomes of key 2024 election races.
China Seen Countering Trump Tariffs With Stimulus, Weaker Yuan (12.11.2024)
China may embrace greater stimulus, bolster manufacturing, and allow the yuan to weaken to offset the negative effects of a second Trump presidency on the Chinese economy, analysts said.
China Plans to Slash Homebuying Taxes in Fiscal Stimulus Push (12.11.2024)
China is planning to cut taxes for home purchases as the government dials up fiscal support to revive a moribund housing market, according to people familiar with the matter.