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A second Trump administration looks like a disaster for the region. It might also—finally—shake the continent out of its torpor.

Catch up: Musk given cabinet role; American aid to Israel to continue

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.

The European Central Bank should go on cutting interest rates gradually, according to Governing Council member Martins Kazaks.

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.

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.

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.

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.

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.

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.

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.

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.

Chancellor Olaf Scholz told US President-elect Donald Trump that Germany is ready to continue “decades of successful cooperation” between the two countries.

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.

Chaotic policymaking may delay the arrival of new import taxes.

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.

Agreement seals deepening security cooperation between two nations and comes weeks after Pyongyang sent troops to Russia. What we know on day 993

Catch up: Trump’s cabinet picks; a North Korea-Russia mutual defence pact

Bitcoin’s record-breaking rally took the digital asset past $89,000 and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald Trump.

Catch up: Trump’s cabinet picks; a North Korea-Russia mutual defence pact

Die Republikaner wollen auch im Repräsentantenhaus die Mehrheit. Doch die letzten Sitze sind hart umkämpft. Der Newsticker zur US-Wahl.

The Kremlin denied a report that President Vladimir Putin had a phone call with US President-elect Donald Trump.

Die am Montag gestartete 29. UNO-Weltklimakonferenz (COP29) steht im Schatten des Wahlsieges von Donald Trump. Der designierte US-Präsident hatte bereits zuvor angekündigt, eine Kehrtwende beim Klimaschutz einleiten zu wollen. Viele Staaten zeigten sich deshalb in vorangegangenen Verhandlungen abwartend. Der aktuelle US-Klimachef John Podesta stellte in Aussicht, den Kampf gegen den Klimawandel dennoch fortsetzen zu wollen. Zugleich nahm er aber auch China stärker in die Pflicht.

Stocks grab all the headlines, but bond and currency markets show where trouble might be brewing.

China’s credit expansion slowed more than expected in October, as a surge in government bond sales far exceeded growth in lending during a traditionally slow month for financing activity.

Tesla Inc. fans have been reinvigorated by Donald Trump’s presidential triumph. The stock’s climb has been seemingly unstoppable as investors pile into the shares, confident that a second Trump term will bring windfalls to the Elon Musk-led electric vehicle maker.

MicroStrategy Inc. purchased about 27,200 Bitcoin for around $2.03 billion, in one of the largest acquisitions of the digital asset by the crypto hedge-fund proxy.

The UK plans to begin issuing digital gilts within the next two years, as the government latches onto technology it’s been slow to embrace.