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.
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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 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.
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.
Turkey Economy Slides Into Recession Ahead of Rates Decision (29.11.2024)
Turkey entered a technical recession in the third quarter as industrial production plunged, providing more evidence to the central bank as it ponders whether to start cutting interest rates next month.
Euro zone inflation climbs to 2.3% in November, meeting expectations (29.11.2024)
Markets have fully priced in a 25 basis point interest rate cut from the ECB in December, which would mark its fourth cut of the year.
Frankreich: Wankende Regierung macht Märkte nervös (29.11.2024)
Die französische Minderheitsregierung unter Michel Barnier steht nach knapp drei Monaten vor ihrem möglichen Aus. Bis Jahresende muss der Haushaltsentwurf für 2025 verabschiedet werden, der durch Steuererhöhungen und Ausgabenkürzungen insgesamt Einsparungen von 60 Milliarden Euro vorsieht. Die Opposition will nicht mitmachen, der Premier warnt vor einem „Sturm auf den internationalen Finanzmärkten“.
Chinese EV Makers Slip Further in Europe Amid Tariff Tussles (29.11.2024)
Chinese carmakers’ push into the European electric-vehicle market continued to meet resistance, with their share of deliveries to the region slipping during October in the run-up to new tariffs.
The fragile calm of Irish politics (29.11.2024)
Catch up: Putin issues an ominous threat; Israel and Hizbullah trade accusations
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.
This Is What the World’s First All-EV Car Market Looks Like (28.11.2024)
Norway is on the cusp of completing a transition away from combustion cars thanks to targeted incentives that made electrics an easy choice
China: Gegenmaßnahmen bei Verschärfung von US-Embargo (28.11.2024)
ECB May Need Rates at Stimulative Levels, Villeroy Says (28.11.2024)
The European Central Bank doesn’t need to constrain the economy any longer and may even have to take interest rates to levels that promote growth, according to Governing Council member Francois Villeroy de Galhau.
Germany Inflation Unexpectedly Holds Steady, Backing ECB Interest Rate Cuts (28.11.2024)
German inflation unexpectedly remained unchanged in November, backing arguments for the European Central Bank to continue lowering interest rates.
Siemens-Werk für industrielle Stromversorgung schließt (28.11.2024)
Auf die Insolvenz der KTM AG und die Schließung des Schaeffler-Werkes folgt diese Woche bereits die dritte Hiobsbotschaft: Siemens schließt bis Ende 2026 sein Wiener Werk für industrielle Stromversorgung. Gewerkschaft und Industrie geraten darüber in Streit.
Preisanstieg bei Kaffee erwartet (28.11.2024)
Gold Prices Tempt Eastern Europe Central Banks Seeking Stability (28.11.2024)
Earlier this year, the Czech Republic’s central bank chief flew to London to have a look at a swelling stack of gold bars stored in the Bank of England’s concrete-encased vaults beneath Threadneedle Street.
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.
ECB’s Lagarde Urges Europe to Negotiate, Not Retaliate on Trade (28.11.2024)
European Central Bank President Christine Lagarde suggested European Union might be in a better position if it talks with the US about potential trade tariffs instead of immediately imposing countermeasures.
Spanish Inflation Jumps to Most Since August on Base Effects (28.11.2024)
Spanish inflation quickened to the fastest pace since August, though the acceleration was driven by base effects and is unlikely to scupper plans for the European Central Bank to continue lowering interest rates.
Problems for Europe’s economy (28.11.2024)
Catch up: Russia strikes Ukrainian infrastructure; displaced Lebanese journey home
Badelt: „Haben strukturelle Krise“ I ORF I (28.11.2024)
Warnung vor Einbruch beim Wohnungsneubau (28.11.2024)
Im Jahr 2026 wird ein Rückgang von 40 Prozent bei Neubauten erwartet. Wien ist davon besonders stark betroffen, warnen Fachleute. Die größte Bauaktivität gebe es in Flächen- und Außenbezirken, die geringste in den Innenstadtbezirken.
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.
China’s Industrial Profits Extend Fall on Deflation Woes (27.11.2024)
China’s industrial firms saw profits decline for the third straight month, as worsening producer price deflation and sluggish factory output overshadowed the impact of recent stimulus measures.
Europe Awaits Trump Tariff Clash With Its Own New Trade Powers (27.11.2024)
Europe’s worst-case scenario for the future of transatlantic economic relations rose to the surface this week when President-elect Donald Trump gave a clear signal that he’ll use American trade might as a means to exert foreign policy leverage.
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.
Black Friday Deals in US Have Been Transformed by Inflation (27.11.2024)
From buying less to gifting secondhand items, US families are adapting to save money.
US GDP Grows at Solid 2.8% Pace, Helped by Consumer Spending (27.11.2024)
The US economy expanded at a solid pace in the third quarter, largely powered by a broad-based advance in consumer spending and steady business investment.