After three decades of growing trade between China and the West that reshaped the global economy, leaders and businesses in Washington, Brussels and elsewhere are looking to pull back. They worry that China’s dominant role as the workshop of the world has created gaping imbalances and unhealthy dependencies, and harmed their ability to compete in industries created by or transitioning to a low-carbon economy. “Decoupling” was how politicos and pundits initially described the solution, suggesting

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Federal Reserve Bank of Chicago President Austan Goolsbee said he sees interest rates moving “a fair bit lower,” while expressing confidence inflation is easing toward the central bank’s objective alongside a solid labor market.

A draft COP29 deal to scale up international climate finance to at least $1 trillion angered delegates on all sides over a lack of detail about where the money would come from.

European Central Bank monetary policy must remain restrictive given lingering inflation risks, according to Governing Council member Robert Holzmann.

Some European Union member states want the bloc to engage more urgently with Donald Trump’s transition team as they hope to stave off disruption and worsening tensions with its largest trading partner.

Car sales in Europe are flatlining, leading manufacturers including Ford Motor Co. and Volkswagen AG to push for cost cuts in response to muted demand.

In einem zunehmend rauer werdenden internationalen Umfeld haben die Risiken für die Finanzakteure im Euro-Raum nach Einschätzung der Europäischen Zentralbank (EZB) zugenommen. Die EZB nennt vor allem das schwache Wirtschaftswachstum und die wachsenden Konflikte im Welthandel als größte Auslöser ihrer Besorgnis.

Federal Reserve Bank of Boston President Susan Collins said more interest-rate cuts are needed, but policymakers should proceed carefully to avoid moving too quickly or too slowly.

Federal Reserve Governor Lisa Cook said it will likely be appropriate for the central bank to cut interest rates toward a more neutral stance over time, citing inflation progress and a solid labor market.

Before Donald Trump’s election, Redfin Corp. projected mortgage rates would average 6.1% next year. But three days after the election, they revised their estimate upward to 6.8% – basically unchanged from today’s high levels.

The European Central Bank should lower borrowing costs at each meeting until it reaches a level that neither restricts nor stimulates economic activity, according to Governing Council member Yannis Stournaras.

The euro zone is on the cusp of sustainably reaching 2% inflation, putting the onus on officials to avoid undershooting that goal, according to European Central Bank Governing Council member Yannis Stournaras.

Rising trade frictions pose an additional risk to the euro-area economy and threaten to amplify vulnerabilities in the region’s financial system, the European Central Bank warned.

A key gauge of euro-zone wages jumped by the most since the common currency was introduced in 1999 — complicating the European Central Bank’s plans for interest-rate cuts as inflation eases.

Bis Ende 2027 will der Autokonzern 4000 Stellen in ganz Europa abbauen. Die meisten von ihnen sollen in Deutschland wegfallen. Noch ist nicht klar, ob Jobs in Österreich betroffen sind.

Euro-area financial institutions are increasingly using dollar markets for liquidity, creating risks to financial stability if US funding dries up, according to the European Central Bank.

882 der insgesamt 960 Beschäftigten der TCG Unitech in Kirchdorf sind laut Betriebsrat beim Frühwarnsystem des Arbeitsmarktservice zur Kündigung angemeldet worden. In Losenstein (Bezirk Steyr-Land) sind weitere 100 Jobs bei Freudenberg Sealing Technologies in Gefahr.

In a cooling US labor market, recent college graduates are among those feeling the chill most.

European stocks and the euro have all slumped since the US election as investors bet Trump’s policies will hit the continent hard.

Huawei Technologies Co.’s ambitions to create more powerful chips for AI and smartphones have hit major snags because of US sanctions, stalling a major Chinese effort to match American technology.

Federal Reserve Chair Jerome Powell says he wants to wait and see what policies the incoming Trump administration will implement before the central bank forecasts what it means for the economy.

The European Central Bank should cut interest rates far enough to ensure they are no longer constraining economic growth, Governing Council member Fabio Panetta said.

Funding for European artificial intelligence startups, while still less than a quarter of US figures, hit a record high this year thanks to massive investments in newcomers building chatbots and self-driving cars.

Key European countries may need to double defense spending to meet the challenge of Russia’s aggression in Ukraine as well as the possibility of less American support in a Donald Trump presidency, according to a Bloomberg Intelligence report.

Europe will see economic activity weaken if the US imposes tariffs, according to European Central Bank Governing Council member Yannis Stournaras.

European Central Bank Vice President Luis de Guindos warned that high levels of sovereign debt could prevent governments from addressing long-term economic challenges and consign them to low growth.