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At COP29, Namibia is actively seeking oil and gas investments, promoting its potential to double GDP by 2040 through exploration in four basins and partnerships with companies like BW Energy. However, experts caution that reliance on fossil fuels may lead to economic pitfalls similar to those faced by Nigeria and Angola, risking environmental degradation and stranded assets as the world shifts towards clean energy.
The S&P 500 is poised for another significant year in 2025, drawing on historical trends that suggest continued growth. Investors are encouraged to consider past performance as a potential indicator of future market behavior.
A recent survey by Empower reveals that Americans believe an annual salary of $270,000 is necessary to achieve financial success. Additionally, respondents indicated that a net worth of $5.3 million is the benchmark for being considered financially successful.
European Central Bank Governing Council member Mario Centeno indicated that discussions on larger interest rate cuts could occur if economic risks materialize, particularly due to US trade tariffs. He emphasized a preference for gradual and predictable adjustments, though more aggressive measures may be warranted if conditions worsen.
Economy Minister Gianfranco Giorgetti announced an increase in funding for public healthcare, raising total allocations from 134 billion in 2024 to 141 billion by 2027, with an additional 1.3 billion earmarked for strengthening and modernizing health assets from 2027 to 2036. He emphasized the importance of promoting demand amid uncertainty to achieve expected growth in 2025, while ensuring that the health sector remains unaffected by the planned freeze on civil servant turnover in 2025.
Mexico's inflation slowed to 4.56% in early November, slightly below analysts' expectations and down from 4.83% in the previous period. This deceleration, alongside a weakening economy, may allow the central bank to implement a fourth consecutive interest rate cut next month.
At the APEC summit in Lima, the looming presence of Donald Trump overshadowed discussions, with diplomats expressing anxiety over his potential return to power and the threat of universal tariffs. Meanwhile, President Xi Jinping advocated for economic globalization, contrasting Trump's protectionist stance, as global leaders navigated a divided landscape marked by geopolitical tensions and uncertainty. The atmosphere was one of cautious anticipation, with many waiting to see how Trump's policies might reshape international trade dynamics.
The stock market experienced a significant rebound, with the Sensex rising by 1,961.32 points (2.54%) to 79,117.11 and the Nifty up by 557.35 points (2.39%) to 23,907.25. Key sectors such as IT, PSU banks, and realty saw gains of 2-3%, driven by stocks like State Bank of India and TCS. Analysts noted that the rally was fueled by short covering in underperforming sectors ahead of crucial state election results, with potential for further gains or volatility depending on the election outcome.
Zambia is exploring a $900 million coal-fired power plant proposal from a Chinese-owned company amid severe electricity shortages due to a historic drought. With hydro-electricity generation, which supplies 85% of the country's power, severely impacted, households and businesses face prolonged outages, forcing copper producers like First Quantum Minerals Ltd. to import expensive electricity to sustain operations.
CNG vehicle sales surged nearly 50% to 550,812 units from January to September 2024, capturing 17% of the passenger vehicle market. The rise is attributed to lower ownership costs, enhanced performance, and an expanding network of over 7,000 gas dispensing stations, set to reach 17,500 by 2030. Notably, CNG adoption in sedans has jumped from 10.8% to 41.5% in five years, while petrol variant sales have declined.
GDP Growth & Recession Forecasts
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Namibia seeks oil and gas investments amid global decarbonization efforts
Namibian Dollar
TotalEnergies SE
Galp Energia, SGPS, S.A.
Shell
QatarEnergy
NAM
Mohamed Adow
Ina Maria Shikongo
Lucia Iipumbu
Vance Culbert
Harsen Nyambe
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17:33 22.11.2024
and p 500 poised for strong performance in 2025
15:21 22.11.2024
americans define financial success with 270000 annual salary and 53 million net worth
15:00 22.11.2024
ECB may consider larger interest rate cuts amid economic risks
14:12 22.11.2024
Italy increases healthcare funding to support economy and public health initiatives
14:11 22.11.2024
Mexico's inflation slows as economic growth weakens prompting potential rate cuts
13:30 22.11.2024
trump's looming presence shapes global trade discussions at apec and g20 summits
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13:30 22.11.2024
tock market surges as key sectors rebound ahead of election results
TCS
State Bank of India
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ITC
Titan Company Limited
IND
Jay Thakkar
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13:27 22.11.2024
Zambia considers coal power plant amid severe electricity shortages
13:20 22.11.2024
CNG vehicle sales surge as consumer preferences shift towards gas-fired options
13:13 22.11.2024
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