{ }
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.
Economy Minister Gianfranco Giorgetti announced a significant boost to the national healthcare system, with an additional €12 billion allocated over three years, raising total funding from €134 billion in 2024 to €141 billion by 2027. He emphasized the government's commitment to public healthcare and the importance of maintaining fiscal stability to support economic growth and alleviate family burdens amid global uncertainties. Furthermore, he highlighted that health expenditures will remain unaffected by the planned freeze on public employee turnover in 2025.
The UN’s COP29 summit is advocating for a $250 billion annual funding deal by 2035 to assist poorer nations in addressing climate change. A new negotiating text was presented to nearly 200 nations, urging wealthier countries to contribute through various financial channels, including public and bilateral agreements.
Monetary Policy Radar offers expert insights on monetary policy, featuring projections, analysis, and commentary from a dedicated team. Led by Chris Giles, the team includes seasoned professionals like Andrew Whiffin, Joel Suss, and Elettra Ardissino, focusing on central bank decisions and their implications for investments. Subscribers receive alerts on significant changes and a weekly newsletter detailing upcoming central banking events.
Prospective electric vehicle (EV) buyers face uncertainty as enthusiasm remains high, yet demand has cooled. With potential rollbacks on federal tax credits and rising prices due to tariffs, experts suggest acting quickly to secure incentives or consider leasing to avoid depreciation. Despite challenges, the push for EVs continues globally, ensuring they remain a viable option for the future.

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.