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Chinese President Xi Jinping and Indian Prime Minister Narendra Modi both praised expanding relations with Russia at bilateral meetings with President Vladimir Putin on Tuesday.

Goldman Sachs Group Inc. said the euro could drop as much as 10% versus the dollar if Donald Trump and the Republicans win next month’s US elections and enact high global tariffs and generous domestic tax cuts.

The number of layoffs at troubled Swedish battery maker Northvolt AB is now at around 1,200 following an announcement from the IF Metall union that more than 800 of its members will be let go from the firm’s key manufacturing site.

Russia’s role in the European Union’s liquefied natural gas market is growing, even as the bloc weighs how to clamp down on supplies from the nation.

The European Central Bank must be agile with further interest-rate cuts to avoid the risk of acting too slowly, according to Governing Council member Francois Villeroy de Galhau.

China should issue 2 trillion yuan ($281 billion) of special government bonds to help create a market stabilization fund, according to a top government-linked think tank.

Central bankers are concerned that Donald Trump will unleash a new trade war if he returns to the White House, making their job much harder.

The direction of European Central Bank borrowing costs is clear but the pace at which they’ll be lowered is still to be decided, according to President Christine Lagarde, who didn’t rule out bigger moves.

The International Monetary Fund lowered its global growth forecast for next year and warned of accelerating risks from wars to trade protectionism, even as it credited central banks for taming inflation without sending nations into recession.

Über das Vermögen des Wiener Immobilienentwicklers Lukas Neugebauer rund um die LNR-Gruppe ist am Handelsgericht ein Konkursverfahren eröffnet worden. Laut vorläufiger Gläubigerliste sind 32 Gläubiger mit Gesamtverbindlichkeiten in Höhe von 94 Millionen Euro betroffen.

Over 100 countries are straddling the geopolitical fault line. For many, it’s working

Federal Reserve Bank of San Francisco President Mary Daly said she expected the US central bank would continue cutting interest rates to guard against further weakening in the labor market.

Federal Reserve Bank of Kansas City President Jeffrey Schmid said he favors a slower pace of interest-rate reductions given uncertainty about how low the US central bank should ultimately cut rates.

Federal Reserve Bank of Minneapolis President Neel Kashkari repeated that he favors reducing interest rates at a slower pace in the coming quarters.

Colombia became the latest Latin American country to raise tariffs on Chinese steel, as producers complain of the threat to local jobs from cheap imports.

Catch up: Blinken travels to Israel; airlines suspend flights to Iran

Trotz eines leichten Rückgangs von rund einem Prozent bei den Übernachtungen haben sich Tirols Touristiker am Montag bei der Bilanz zur bisherigen Sommersaison zufrieden gezeigt. Es seien 20,3 Mio. Nächtigungen seien verzeichnet worden. Auch für den Winter gab man sich optimistisch.

Moldawien hat am Sonntag nicht nur eine Präsidentschaftswahl abgehalten, sondern auch über die EU-Annäherung des Landes abstimmen lassen. Das Votum dürfte nach einem Kopf-an-Kopf-Rennen knapp für die EU-Befürworter ausgegangen sein. Diese erlangten nach Auszählung aller Stimmzettel laut Wahlkommission 50,46 Prozent der Stimmen. Präsidentin Maia Sandu sagte, man habe „einen schwierigen Kampf“ auf dem Weg in die EU gewonnen. Zudem übte sie scharfe Kritik an Moskau, dabei bekam sie Rückenwind von der EU.

US stocks are unlikely to sustain their above-average performance of the past decade as investors turn to other assets including bonds for better returns, Goldman Sachs Group Inc. strategists said.

The European Central Bank remains flexible going into its final meeting of 2024, according to Governing Council member Peter Kazimir, who said disinflation is on a “solid footing” and more cuts in borrowing costs are possible.

Chinese banks cut their benchmark lending rates after easing by the central bank at the end of September, part of a series of measures aimed at reviving economic growth and halting a housing market slump.

Gold reached a record on Monday, with safe haven demand continuing to support prices as traders monitored escalating tensions in the Middle East and the increasingly tight US election race.

Old paradigms of globalization are shifting.

This year’s furious rally in US stocks is poised to extend into the final stretch of 2024, even as the US presidential election looms as a major wild card, according to the latest Bloomberg Markets Live Pulse survey.

Moldawien hat am Sonntag nicht nur eine Präsidentschaftswahl abgehalten, sondern auch über die EU-Annäherung des Landes abstimmen lassen. Das Votum, mit dem die proeuropäische Regierung die EU-Perspektive des Landes in der Verfassung festschreiben lassen wollte, hat sich zum Kopf-an-Kopf-Rennen entwickelt. Nach Auszählung fast aller Stimmen lagen beide Lager nur einige hundert Stimmen auseinander. Das Endergebnis steht noch aus.

The global economy is heading toward year end with unexpected tailwinds as slowing inflation clears a path for an unlikely soft landing. But while the economics side of the equation is looking up, political hurdles lie ahead.

Die Konjunktur ist schwach, das Budgetdefizit steigt, auf die nächste Bundesregierung kommt die eher undankbare Aufgabe zu, den Staatshaushalt zu sanieren. Diese Aufgabe sei sehr dringend, so der Leiter des Wirtschaftsforschungsinstituts (WIFO), Gabriel Felbermayr, am Sonntag in der ORF-„Pressestunde“. Es brauche eine klare Reformagenda, „Tabus“ dürfe es keine geben.

Even before global finance chiefs fly into Washington over the next few days, they’ve been urged in advance by the International Monetary Fund to tighten their belts.

The risk of the euro sliding to parity with the dollar is mounting in financial markets after this week’s interest-rate cut and a stark reminder that a Donald Trump presidency could spark a global trade war.