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A unified government under Donald Trump could provide investors with relief from the contentious U.S. debt ceiling debates that have unsettled markets in recent years. However, this scenario also raises concerns about excessive fiscal expansion, which may exert pressure on bonds in the long run.
Republicans' control of Washington next year will enable President-elect Donald Trump to implement a bold agenda focused on tax cuts for businesses, workers, and retirees. This approach will challenge the party's longstanding commitment to reducing the government's $35 trillion debt.
Chancellor Olaf Scholz urged parliament to pass measures like raising child benefits and lifting tax thresholds ahead of a February snap election, emphasizing that Germans shouldn't have to choose between security and prosperity. With the economy contracting and rising political tensions, Scholz faces a challenging path as conservative opposition leader Friedrich Merz gains ground. Merz criticized Scholz's focus on renewable energy and called for a shift in migration and economic policies, while Scholz stressed the need for cooperation to avoid polarization.
Indian political parties are increasingly focusing on women voters by offering cash handouts during election periods. This strategy aims to address concerns over inflation and job scarcity, as analysts note the financial implications of such fiscal measures.
US authorities are investigating Russian accounts that UBS acquired from Credit Suisse amid heightened scrutiny following sanctions related to Russia's invasion of Ukraine. UBS is reportedly segregating suspicious funds and closing accounts linked to Russian clients to mitigate potential risks. Tensions between the US and Switzerland are rising, with calls for greater transparency in financial dealings to prevent illicit activities.
India's urban residents are reducing their spending on various items, including cookies and fast food, as ongoing high inflation pressures middle-class finances. This trend poses a risk to the country's robust economic growth.
The United States stated that Israel is not currently obstructing humanitarian aid to the Gaza Strip, thus not violating U.S. law. This assessment allows the continuation of U.S. military aid without restrictions.
The summit is focused on reaching an agreement for up to $1 trillion in annual climate finance aimed at supporting developing countries. This financial commitment is crucial for addressing climate change challenges and fostering sustainable development globally.
Yuichiro Tamaki, leader of a small opposition party, has gained significant political influence as he seeks solutions to revitalize Japan's stagnant economy, which has been trapped in a cycle of deflation. His efforts reflect a growing urgency to address the country's economic challenges.
In Peru, a major copper producer in South America, the incoming Trump administration faces challenges in a trade conflict with China. This situation reflects a broader shift in power dynamics within the resource-rich region, which is crucial to U.S. interests.
Reuters Ltd.
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unified government under trump may ease debt ceiling tensions for investors
20:52 13.11.2024
trump's agenda of tax cuts faces challenge of national debt management
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scholz urges cooperation as germany faces snap election and economic challenges
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climate summit aims for one trillion dollars in annual finance deal
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