{
GDP Growth & Recession Forecasts

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Europe reassesses space cooperation amid uncertainties from Trump administration
The election of Donald Trump is prompting European officials to reconsider their reliance on U.S. space cooperation, with calls for increased investment in European space capabilities. Concerns about potential cuts in German space spending and the need for autonomy are driving discussions on enhancing Europe's space industry, especially in light of upcoming elections and geopolitical challenges.
SpaceNews
Euro European Commission Airbus Orbex ArianeGroup GmbH ArianeGroup SpaceX OHB SE European Space Agency USA DEU Pierre Godart Phil Chambers Andreas Bovenschulte Hermann Ludwig Moeller Kristina Vogt Sven Meyer-brunswick Show more
Finance & Economy, News Article
11:39 22.11.2024
Indian stock market sees largest single-day gain in five months
On November 22, the Indian stock market experienced its largest single-day gain in over five months, with the Sensex rising by 1,961.32 points (2.54%) to close at 79,117.11, and the Nifty gaining 557.35 points (2.39%) to reach 23,907.25. This surge was driven by widespread buying across sectors and a recovery in Adani group stocks, with the indices benefiting from positive global cues. For the week, the BSE Sensex and Nifty50 recorded increases of 2% and 1.6%, respectively.
Moneycontrol
Adani Group IND Show more
Finance & Economy, Market Report
11:18 22.11.2024
european economy faces challenges amid political and trade uncertainties
Europe's economy faced another setback in November, as surveys indicated a downturn. Amidst this, the Bank of England is preparing for a potential 25 basis point rate cut, influenced by ongoing political uncertainties, including the implications of a possible Trump trade war that could severely impact European markets.
POLITICO
British Pound Sterling Bank of England GBR
Finance & Economy, Market Report
11:16 22.11.2024
british business output declines as tax increases impact growth plans
British business output has contracted for the first time in over a year, as tax increases from the new government's initial budget adversely affect hiring and investment plans. This development poses a significant challenge to Prime Minister Keir Starmer's efforts to stimulate economic growth.
reuters.com
British Pound Sterling Reuters GBR Keir Starmer
Finance & Economy, News Article
10:34 22.11.2024
UK business output contracts for first time in over a year
British business output has contracted for the first time in over a year, with the S&P Global Flash Composite PMI falling to 49.9 in November. Tax increases from the new government’s budget have dampened hiring and investment plans, leading to job cuts and a pessimistic outlook, particularly in the manufacturing sector. The services sector also showed weakness, with inflation concerns prompting caution from the Bank of England.
SWI swissinfo.ch
British Pound Sterling Bank of England S&P Global Inc. GBR William Schomberg Rachel Reeves Chris Williamson Keir Starmer Show more
Finance & Economy, Market Report
10:33 22.11.2024
UK private sector stagnates as PMI drops after budget tax hike
The UK private sector has shifted from solid growth to stagnation following a budget tax hike, as indicated by a significant drop in the S&P Global composite PMI from 51.8 to 49.9 in November. This reading fell below the 50 mark, signaling contraction and was notably worse than the anticipated 51.7. Firms have expressed strong disapproval of Chancellor Rachel Reeves' fiscal plans.
Bloomberg.com
British Pound Sterling S&P Global Inc. GBR Rachel Reeves Show more
Finance & Economy, Market Report
10:30 22.11.2024
climate talks in baku face collapse over funding disagreements and tensions
With hours left in UN climate talks in Baku, negotiations are faltering over climate finance, as developing nations demand trillions while wealthy countries offer only hundreds of billions. The presidency's inexperience has led to a divisive text, risking a collapse reminiscent of past failed summits. As global tensions rise, the urgency for a viable agreement grows, with many fearing that a weak deal could exacerbate existing inequalities.
Health Policy Watch
United States Dollar Euro World Bank G20 UN Environment Programme Carbon Brief AZE Andreas Siebert Jennifer Morgan Woepke Hoekstra Show more
Finance & Economy, News Article
09:53 22.11.2024
euro hits two year low as rate cut bets rise sharply
The euro has dropped to its lowest level since November 2022, trading at $1.0335, as traders anticipate aggressive interest rate cuts from the European Central Bank to support the economy. This decline follows disappointing data indicating a contraction in business activity in the region's largest economies, with the likelihood of a half-point rate cut next month rising to nearly 60%.
Bloomberg.com
United States Dollar Euro European Central Bank DEU
Finance & Economy, Market Report
09:44 22.11.2024
france requires political stability to address budget deficit issues
Pierre Moscovici, head of France’s state auditor, emphasized the need for political stability to address the country's significant budget deficit. He cautioned against a snap presidential election before Emmanuel Macron's term concludes in 2027, highlighting the urgent requirement for a clear strategy to reduce debt and deficit.
Bloomberg.com
FRA Pierre Moscovici Emmanuel Macron
Finance & Economy, News Article
09:09 22.11.2024
Elon Musk dismisses TIME magazine's fictional to-do list and outlines goals
Elon Musk has dismissed a fictional "to-do list" featured on the cover of TIME magazine, clarifying he had no role in its creation. The list included goals like flying to Mars and slashing $2 trillion from the U.S. budget, which Musk reiterated as part of his mission to make humanity a multiplanetary species. He also noted his recent appointment as an adviser for the Department of Government Efficiency in Trump's upcoming presidency.
Moneycontrol
United States Dollar Tesla, Inc. SpaceX USA Elon Musk Donald Trump Vivek Ramaswamy Show more
Finance & Economy, News Article
08:52 22.11.2024
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