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european stocks rebound as technology leads gains amid french political turmoil

European stocks rebounded, led by technology shares, as concerns eased over US semiconductor sales restrictions to China. However, political turmoil in France caused its stocks and bonds to underperform, with yields on French bonds nearing those of Greece for the first time. Meanwhile, the Brazilian real hit a record low amid disappointing government spending cuts, and US equity futures rose slightly ahead of the Thanksgiving holiday.

Canton Bern Passes Bill to Assess Bitcoin Mining's Energy Impact

Switzerland's Canton Bern has passed a historic bill to assess the impact of Bitcoin mining, with 85 lawmakers in favor and 46 against. The report will explore Bitcoin mining's potential to stabilize the energy grid and utilize wasted energy, further solidifying Switzerland's position as a crypto-friendly nation. This move follows a broader trend of countries like El Salvador and Bhutan engaging in Bitcoin mining, while companies like MicroStrategy adopt Bitcoin as a strategic reserve asset.
22:16 28.11.2024

emerging technologies driving growth in healthcare cloud computing market

biden criticizes trumps proposed tariffs on canada and mexico as counterproductive

President Joe Biden criticized President-elect Donald Trump's plan to impose a 25% tariff on Canada and Mexico, calling it "counterproductive" and urging him to reconsider. Trump announced the tariffs as part of his strategy to combat drug trafficking and illegal immigration, but economists warn that such measures could raise consumer costs. Meanwhile, Mexican President Claudia Sheinbaum clarified that Mexico's stance is not to close borders, while Canadian Prime Minister Justin Trudeau emphasized the importance of maintaining strong trade relations with the U.S.

us-mexico trade tensions escalate as tariffs threaten jobs and economic growth

Mexican President Claudia Sheinbaum warned that proposed U.S. tariffs could lead to significant job losses in the U.S. and retaliatory measures from Mexico. Economy Minister Marcelo Ebrard emphasized the need for regional cooperation, stating that tariffs would harm both economies, particularly the automotive sector, which heavily relies on cross-border trade. Analysts view the tariff threats as a negotiating tactic rather than a firm trade policy.

rupert emphasizes importance of us trade pact extension for south africa

Rupert, chairman of Richemont and South Africa's wealthiest individual, emphasized the importance of extending a trade pact that allows South Africa and over 30 African nations duty-free access to the U.S. market. He highlighted the necessity for South Africa to remain part of the African Growth & Opportunity Act, which is set to expire in September.

heinbaum clarifies call with trump did not cover tariffs

Mexico's President Claudia Sheinbaum stated that tariffs were not specifically discussed during her call with U.S. President-elect Donald Trump. This comes after Trump threatened a 25% import tax, which could violate a free trade agreement.

Volkswagen faces strikes and challenges amid industry turmoil and tariffs

Volkswagen is facing significant challenges as it prepares for strikes starting December 1st due to plans to close three factories in Germany and reduce wages. The situation worsens with the bankruptcy of Northvolt, a battery startup backed by VW and BMW, while Donald Trump threatens to impose a 25% tariff on imports from Mexico and Canada, potentially disrupting supply chains.

lagarde calls for eu to engage with trump to avoid trade war

ECB President Christine Lagarde has urged EU leaders to collaborate with the new U.S. president, advocating for increased purchases of U.S. goods to mitigate trade tensions. She warned that a full-scale trade war could harm global economic growth and recommended a "checkbook strategy" over retaliatory tariffs, emphasizing the need for diplomatic engagement to stabilize the trade landscape.

eurostoxx 50 poised for rebound amid falling bond yields and political shifts

The EuroStoxx 50 is poised for a potential rebound as bond yields decline, despite recent challenges from China's economic issues and US tariff threats. Currently at around 4,700 points, the index presents an attractive buying opportunity, with resistance at 5,050 points and support at 4,650 points. Future performance will hinge on the global economic outlook and upcoming political developments in Europe.
13:23 28.11.2024
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