{
}
The annual U.N. climate summit begins Monday, with nations preparing for challenging discussions on finance and trade. This comes after a year marked by significant weather disasters, which have strengthened the resolve of developing countries in their calls for climate funding.
Steven Mnuchin, former Treasury secretary under Donald Trump, has announced he will not pursue a role in the new administration. However, he is willing to provide advice to his successor on enhancing sanctions against Iran and Russia, as well as addressing the rising U.S. debt.
Peru and China are set to sign an updated free-trade agreement during President Xi Jinping's forthcoming visit to Peru. The agreement is expected to enhance commerce between the two nations by at least 50%, according to Peru's foreign minister.
Prominent investors Scott Bessent and John Paulson are emerging as the top candidates for the position of U.S. Treasury Secretary following Donald Trump's election victory. This information comes from a donor and two individuals close to the president-elect.
Corporate attorney Jay Clayton, who previously led the U.S. Securities and Exchange Commission during Donald Trump's presidency, is reportedly in discussions for various potential roles in a second Trump administration, according to multiple sources.
Hungarian Prime Minister Viktor Orban stated that the European Union must reconsider its support for Ukraine in light of Donald Trump's U.S. election victory. He emphasized that Europe cannot bear the financial burden of the war alone, ahead of an EU leaders' summit.
After Donald Trump's arrival in the White House eight years ago, Chinese leaders reacted strongly to his tariffs and aggressive rhetoric. This response escalated into a trade war, significantly deteriorating relations between the world's two largest economies to multiyear lows.
Walgreens has agreed to pay $100 million to settle a class action lawsuit that accused the company of inflating drug prices, impacting insured consumers who paid more than those using the Prescription Savings Club. The settlement requires Walgreens to discontinue the savings club, which offered discounted prices for generic drugs. This lawsuit follows another recent settlement where Walgreens paid $106.8 million for allegedly billing the government for unfilled prescriptions.
Nearly 50 European leaders will convene in Budapest for an EU summit on Thursday and Friday, focusing on key issues such as support for Ukraine, migration, economic security, and declining EU competitiveness. Major topics include Donald Trump's potential return to power and the collapse of Germany's ruling coalition.
Germany's coalition government collapsed as Chancellor Olaf Scholz dismissed his finance minister, setting the stage for a snap election. This political upheaval occurred just hours after Donald Trump secured victory in the U.S. presidential election, creating turmoil in Europe's largest economy.
Reuters Ltd.
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
un climate summit opens with focus on finance and trade challenges
06:24 11.11.2024
mnuchin declines administration role offers advice on sanctions and debt management
12:15 10.11.2024
Peru and China to enhance trade with new agreement during Xi's visit
23:47 08.11.2024
bessent and paulson emerge as top candidates for treasury secretary
23:20 08.11.2024
jay clayton in talks for roles in potential second trump term
20:09 08.11.2024
EU must reassess Ukraine support after Trump's election victory says Orban
11:12 08.11.2024
trade war escalates as trump's policies strain us china relations
07:00 08.11.2024
Walgreens settles class action lawsuit for 100 million over inflated drug prices
16:18 07.11.2024
european leaders convene to address trump's influence and coalition collapse
05:03 07.11.2024
germany coalition collapses as chancellor sacks finance minister triggering snap election
23:43 06.11.2024
Trending
Subcategory
Corporate News
Industry Trends
Stock Market Updates
Retail and Consumer Goods
Global Financial Events
Finance Mergers & Acquisitions
Global Trade Developments
Central Bank Actions
Industry Mergers & Acquisitions
Banking Regulations
CEO Changes
Startups & Entrepreneurship
Market Analysis and Predictions
Financial Scams and Security
Supply Chain Management
Workplace Trends
Government Economic Policies
AI Innovations
Energy Sector Developments
Cryptocurrency Trends
Countries:
Companies:
The Goldman Sachs Group, Inc.
Bank of America Corporation
Apple Inc.
Barclays PLC
Wells Fargo & Company
Tesla, Inc.
Alphabet Inc.
Citigroup Inc.
Lloyds Banking Group plc
Deutsche Bank RV Global PP
PepsiCo, Inc.
Commerzbank AG
Google Inc.
NatWest Group plc
BNP Paribas SA
Morgan Stanley
UBS Group AG
JPMorgan Chase & Co.
NVIDIA Corporation
Amazon.com, Inc.
Currencies:
United States Dollar
Euro
British Pound Sterling
Chinese Yuan
Swiss Franc
Indian Rupee
Japanese Yen
Indonesian Rupiah
Canadian Dollar
Russian Ruble
South Korean Won
United Arab Emirates Dirham
Offshore Chinese Yuan
Ghanaian Cedi
Hungarian Forint
Albanian Lek
Brazilian Real
Singapore Dollar
Qatari Riyal
Jordanian Dinar
People: