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French Prime Minister faces challenges in passing 2025 budget amid political turmoil

French Prime Minister Michel Barnier faces a challenging future as he struggles to secure approval for the 2025 budget in a deeply divided parliament. His efforts to maintain a fragile coalition are increasingly at risk of collapse, raising concerns about the stability of his government.
reuters.com
Reuters FRA Michel Barnier
Finance & Economy, News Article
16:50 27.11.2024

Raiffeisenbank profits amid Russia's controversial debt relief for recruits

Raiffeisenbank continues to operate in Russia, serving 3.3 million customers, despite its long-standing desire to withdraw. The bank is under scrutiny as a new law allows financially troubled Russians to enlist in the military in exchange for debt forgiveness, a move supported by the Kremlin. While Raiffeisenbank has previously complied with similar military-related financial requirements, it has refrained from commenting on this latest development.
ZEIT ONLINE
Russian Ruble Raiffeisenbank International RUS AUT Vladimir Putin
TradFi, News Article
16:47 27.11.2024

kenyan court halts government plans for jomo kenyatta airport concession

Kenya's High Court has halted the government's plans to concession Jomo Kenyatta International Airport, following President William Ruto's cancellation of a deal with India's Adani Group. The court's decision came after legal challenges from opponents questioning the government's authority to lease the airport.
bloomberg.com
Adani Group KEN Jomo Kenyatta William Ruto
Regulatory & Legal, News Article
16:44 27.11.2024

US economy grows 2.8 percent driven by strong consumer spending

The US economy grew at a solid 2.8% annualized rate in the third quarter, driven by a 3.5% increase in consumer spending, the highest this year. However, trade figures negatively impacted growth, with net exports subtracting 0.57 percentage points. Despite ongoing inflation and high borrowing costs, business investment in research and development saw an upward revision, reflecting the resilience of the economic expansion.
Moneycontrol
United States Dollar Federal Reserve Bureau of Economic Analysis USA
Finance & Economy, Market Report
16:43 27.11.2024

in n out burger's rise to success with cult following and high sales

In-N-Out Burger, founded in 1948, has grown to over 400 locations and generates approximately $2.1 billion annually, making it the ninth largest burger chain in the U.S. Known for its fresh ingredients and low prices, the company has maintained a strong cult following while prioritizing employee wages and satisfaction. Under the leadership of Lynsi Snyder, the chain continues to thrive without franchising, embodying a unique business model that defies conventional fast-food practices.
CNBC
United States Dollar In-N-Out Burger USA Kevin Schimpf Lynsi Snyder Harry Snyder Stacy Perman Esther Snyder Show more
Finance & Economy, News Article
16:42 27.11.2024

tario government moves to dismantle bike lanes amid rising congestion concerns

In Toronto, a contentious debate has erupted over the Ontario government's plan to remove 18 kilometers of bike lanes, citing traffic congestion. Advocates argue that the lanes are essential for safety and urban mobility, while critics claim they exacerbate delays for drivers. The city council opposes the bill, estimating the removal will cost taxpayers C$48 million, despite evidence showing cyclists contribute significantly to local economies.
bloomberg.com
Evolve ETFs CAN Lanrick Bennett Patrick Brown Doug Ford Charles Hostovsky Raj Lala Victor Perelman Rob Ford Show more
Regulatory & Legal, News Article
16:39 27.11.2024

turkey plans reduced currency interventions as inflation shows signs of slowing

A senior Turkish central banker indicated that the country anticipates fewer interventions in the foreign-exchange market as inflation slows. During meetings in London, Deputy Governor Cevdet Akcay expressed optimism that improving inflation and financial stability metrics will allow for a less interventionist currency regime.
bloomberg.com
United States Dollar Apple Inc. TUR Cevdet Akcay
Finance & Economy, Market Report
16:35 27.11.2024

us imposes sanctions on officials supporting maduro after election allegations

The US has imposed sanctions on 21 Venezuelan officials, including cabinet ministers and members of the national guard, for their support of President Nicolas Maduro's actions following an election that is widely regarded as fraudulent. These officials are accused of backing the government's crackdown on protests in the aftermath of the contested vote.
bloomberg.com
Treasury Department’s Office of Foreign Assets Control USA VEN
Regulatory & Legal, News Article
16:30 27.11.2024

kenya introduces park-entry fee levy to support wildlife conservation efforts

Kenya plans to implement a 1% levy on entry fees to parks, reserves, and conservancies to support wildlife conservation efforts. The funds will be allocated to a Wildlife Conservation Trust Fund aimed at managing and restoring protected areas and safeguarding endangered species.
bloomberg.com
Kenyan Shilling National Treasury KEN
Finance & Economy, News Article
16:29 27.11.2024

uth african airways attracts bank interest for growth financing

South African Airways is attracting interest from banks for potential loans, driven by an improvement in its financial situation, according to interim CEO John Lamola. The airline aims to finance a growth strategy that plans to more than double its fleet to 43 aircraft over the next five years, while government funding remains limited as it prioritizes stabilizing national debt.
Bloomberg.com
United States Dollar South African Airways ZAF Malesela John Lamola
Finance & Economy, Market Report
16:25 27.11.2024
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