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A record 221 fossil fuel lobbyists are participating in the UN talks in Busan aimed at establishing a global treaty to combat plastic pollution, with significant opposition to production curbs from oil and gas-producing nations. Despite widespread support for manufacturing limits among most countries, resistance from a powerful minority threatens to derail the negotiations. Concerns over corporate influence echo criticisms of fossil fuel lobbyists' access to climate discussions, raising alarms about the integrity of the treaty process.
U.S. inflation rose slightly in October, with the personal consumption expenditures price index increasing by 0.2% month-over-month and 2.3% year-over-year. Despite a dip in U.S. stock markets, investors remain optimistic, with many stocks above their 200-day moving average, indicating a solid market trend. Meanwhile, South Korea unexpectedly cut interest rates amid disappointing economic growth, and forecasts suggest the offshore yuan may hit a record low against the dollar by 2025.
The Bank of Korea has cut its benchmark interest rate by a quarter percentage point to 3% to support a slowing economy, revising its growth forecasts down to 2.2% for 2024 and 1.9% for 2025. This marks the second consecutive month of rate cuts amid high inflation and rising household debt, as global economic uncertainties persist. The bank's actions follow a previous cut in October, the first since May 2020, as concerns grow over the impact of new U.S. tariffs and geopolitical tensions.
The global 5G in Telemedicine market is poised for significant growth from 2024 to 2031, driven by evolving consumer demands and the impact of the COVID-19 pandemic. Key regions such as North America, Europe, and Asia-Pacific are highlighted for their investment potential, while the report analyzes market dynamics, competitive landscapes, and emerging trends. Companies can leverage insights on market drivers, challenges, and opportunities to enhance their strategies and ensure long-term success.
The FTC has initiated an antitrust investigation into Microsoft, scrutinizing its software licensing and cloud practices amid allegations of market dominance abuse. In other news, Unusual Machines' stock surged following Donald Trump Jr.'s appointment to its advisory board, while Ikea reported a decline in profits due to price cuts. Additionally, South Korea unexpectedly cut interest rates to boost its economy, and U.S. consumer spending remains strong, although inflation progress has stalled.
South Korea's central bank unexpectedly cut its benchmark interest rate by 25 basis points to 3%, marking the first consecutive cuts since 2009. This decision follows a weaker-than-expected GDP growth of 1.5% in the third quarter and a reduction in the GDP forecast for 2024 to 2.2%. Inflation has also slowed, with October's rate at 1.3%, the lowest since February 2021.
The Bank of Korea unexpectedly cut its benchmark interest rate by a quarter-percentage point to 3%, responding to heightened trade and economic concerns following Donald Trump's presidential election victory. This move comes alongside a revision of growth forecasts, indicating a cautious outlook for the economy.
Emerging Asian bonds are becoming pricier, reducing their appeal compared to global counterparts if Donald Trump implements less severe tariffs than anticipated. Yield spreads for South Korea, the Philippines, India, China, Malaysia, and Indonesia are trading below their 12-month average, indicating higher valuations than other emerging markets like Colombia and Mexico.
Bitcoin has surged nearly 35% following Donald Trump's election victory, creating significant pressure on South Korea's small cap stocks. In contrast, the Kosdaq Index, heavily weighted with small caps, has declined by 8%, positioning it as Asia's worst-performing index this year.
The CRM in Healthcare market is projected to grow from USD 18.31 million in 2023 to USD 41.97 million by 2032, with a CAGR of 12.58%. Key players include Microsoft, Salesforce, and Oracle, driven by increasing R&D spending and technological advancements like AI integration. The study highlights trends, opportunities, and competitive dynamics across various regions.
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fossil fuel lobbyists dominate negotiations for global plastics treaty in busan
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12:55 28.11.2024
us inflation rises slightly as markets pause for thanksgiving celebrations
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growth prospects in the 5g telemedicine market post pandemic analysis
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04:51 28.11.2024
Microsoft faces antitrust probe as Unusual Machines shares surge
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01:00 28.11.2024
bitcoin surge pressures south korean small cap stocks after trump victory
23:00 27.11.2024
growth of crm in healthcare market driven by technological advancements and r d spending
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