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hollande urges european unity in response to trump's protectionist policies
Former French President François Hollande emphasized the necessity for European unity in response to U.S. protectionism following Donald Trump's election. He warned that Trump's potential disengagement from Europe could jeopardize security and trade, urging key nations like France, Germany, Poland, and the UK to collaborate against these threats. Hollande expressed concern over Trump's approach to the Ukraine conflict, predicting negotiations that could undermine Ukraine's territorial integrity and set a dangerous precedent for international law.
norway wealth fund warns of stock market risks amid economic uncertainty
Norway's $1.8 trillion sovereign wealth fund, managed by Norges Bank Investment Management, has issued a cautionary warning about stock market risks, citing heightened uncertainty in the economic outlook. Deputy CEO Trond Grande emphasized the need for realism amid concerns over the U.S. political climate, China's economic recovery, and stagnant growth in Europe. Despite a strong performance, with a third-quarter return of 4.4%, the fund acknowledges that risks are skewed to the downside in equity markets.
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